Given today’s relatively low corporate valuations and the significant amount of cash on corporate balance sheets, industry experts forecast a rapid increase in M&A activity. Cash on the books of non-financial companies in the S&P 500 Index hit a record of more than $700 billion as of June 2009, up more than 8% in the past year and 16% above the level of two years ago, according to S&P. The IQ ARB Merger Arbitrage ETF, the first of its kind, provides investors unique access to this trend.
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