Credit Suisse lists merger arbitrage ETN on NYSE Arca
Credit Suisse has listed an ETN based on the merger arbitrage market, picking up on the increased interest in this sector. The returns are generally uncorrelated to the broader financial markets, according to the Swiss bank
Credit Suisse has brought the exchange-traded note (ETN) to merger arbitrage with the listing of a due October 6, 2020 ETN linked to the bank's Merger Arbitrage Liquid Index on NYSE Arca. The senior medium-term notes were priced on Friday (October 1) and listed today (October 4). "We think it will garner a decent amount of attention given how bullish people are on the merger space," says Mike Clark, New York-based managing director and head of Credit Suisse's retail distribution business for the
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