Fundsters interested in the real estate side of fixed income investing may want to take a look at Van Eck Global's [see profile]
newest exchange-traded fund. Tomorrow the New York-based mutual fund firm will launch the Market Vector Mortgage REIT Income ETF
(MORT) on the NYSE Arca [see prospectus
The new ETF will track the Market Vectors Mortgage REITs Index
and cost 40 basis points. Hao-Hung (Peter) Liao
and George Cao
will PM it. Van Eck itself will handle administration and distribution for the new ETF, while Bank of New York Mellon
will serve as custodian and transfer agent.
According to Van Eck, the new ETF is its 10th fixed income ETF and its 36th ETF.
Stay ahead of the news ... Sign up for our email alerts now