The S&P Merger Arbitrage Index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns. The index is modified market cap weighted. The country breakdown based on constituent domicile includes U.S., Germany, Finland, France, and the Netherlands.
For this data source, RIMES hosts approximately 58 companies and 3 indices, including the S&P Merger Arbitrage Index, Long and Short.
Some of the data items available include:
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