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Rating:Van Eck Preps to Launch its 36th ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 16, 2011

Van Eck Preps to Launch its 36th ETF

Reported by Neil Anderson, Managing Editor

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. 

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