New Saudi Arabia ETFs
One of the largest middle east economies is not yet represented by the ETF space, but Van Eck Global is about to change that. Van Eck has filed an application with the SEC to market two country specific ETFs based on Saudi Arabia. The two ETFs are named the Market Vectors Saudi Arabia ETF and [...]
Van Eck to Launch New Bond ETF
Van Eck will be launching a new bond ETF on Wednesday, May 9, 2012. The Market Vectors Emerging Markets High Yield Bond ETF will track B of A Merrill Lynch’s High Yield US Emerging Markets Liquid Corporate Plus Index. The expense ratio for the new ETF is expected to be 0.4%. For the original article, [...]
Van Eck Reduces Expenses on Indonesia ETF
Van Eck announced that it has reduced the expense ratio on its Market Vectors Indonesia ETF (IDX) by 5%. The expense ratio has been reduced from 0.60% to 0.57%, undercutting its competitor by 2 basis points. For original article, click here.
Six HOLDRS Become Van Eck ETFs
In a deal that was previously announced on August 12th, six Merrill Lynch HOLDRS began trading as Van Eck ETFs on December 21st. For original article click here. The list of newly rebranded ETFs are below: Market Vectors Biotech ETF (BBH) Market Vectors Money-Center Bank ETF (RKH) Market Vectors Oil Services ETF (OIH) Market Vectors [...]
HOLDRs becoming ETFs
In a recently announced transaction, Van Eck Global will take over six HOLDRs from the Merrill Lynch unit of Bank of America. The six HOLDRs being taken over include Oil Services, OIH, Semiconductor SMH, Pharmaceutical PPH, Biotech BBH, Retail RTH, and Regional Bank RKH. Those HOLDRs will be converted into ETFs, and the remaining 11 [...]
Rare Earth ETF Rebounds
Market Vectors Rare Earth ETF, ticker REMX, rebounded today to close slightly green, despite some analysts warning that rare earth metals might be due for a slowdown. Goldman Sachs predicted that there may be a surplus of rare earth metals by 2013, and that the price boom may be nearing a peak. However, others believe [...]
Van Eck Launches Investment Grade Floating Rate ETF
Van Eck announced today the launch of a new ETF – “Market Vectors Investment Grade Floating Rate ETF (NYSE Arca: FLTR), an exchange-traded fund (ETF) that seeks to track, before fees and expenses, the Market Vectors Investment Grade Floating Rate Index (MVFLTR), an index consisting of a portfolio of corporate U.S. dollar-denominated investment grade floating [...]
Van Eck Launches Rare Earth/Strategic Metals ETF (REMX)
Van Eck Global has launched Market Vectors Rare Earth/Strategic Metals ETF (NYSE Arca: REMX), the first U.S.-listed exchange traded fund (ETF) which seeks to give investors pure play exposure to the equities of companies primarily engaged in the producing, refining, and recycling rare earth/strategic metals, it was announced today. Rare earth/strategic metals are industrial metals [...]
