First Trust Launches New Arbitrage ETF ‘MARB’

First Trust Advisors L.P. , a leading ETF provider and asset manager, announced today that it has launched the First Trust Merger Arbitrage ETF (NYSE Arca: MARB). The fund seeks to provide investors with capital appreciation by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition.