From Yarndex:

“Monarch” created by Trendsetter Yarns are 3 separate, woven ribbons which are then braided together for great texture. This fiber has shiny and matte finishes as well as a velvety feel against the skin. When knitted on larger needles, “Monarch” produces light and airy garments and is dyed to match “Parfait”. Made from 53% nylon and 47% acrylic, this yarn is a good choice for short or long pullovers, skirts, cardigans and scarves.