Van Eck Global
has reduced expense caps on two of its ETFs. The expense cap on the Market Vectors Indonesia Index ETF went from 68 basis points to 60 bps, and the expense cap on the Market Vectors Poland ETF was reduced from 65 basis points to 60 bps.
The change took effect on Wednesday and will remain in effect until at least May 1, 2012.
"International funds generally have higher net expense ratios than domestic funds but we try to pass on lower expenses to shareholders as we achieve economies of scale,” said Jan van Eck
, principal at Van Eck Global, in a press release.
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