Mitch and Ben Zacks are about to launch their first ETFs. Cinthia Murphy of IndexUniverse reports that the Zacks Funds [profile] PMs are preparing a pair of ETFs for a June 20 debut.

The Chicago-based financial research firm and mutual fund manager will launch the products through Exchange Traded Concepts. IndexUniverse notes that the new Zacks Sustainable Dividend ETF and Zacks MLP ETF will go head to head with some of the offerings from iShares, ALPS, Invesco PowerShares and Global X Funds, among others.

The dividend ETF will invest in 100 U.S. dividend paying stocks from large-cap securities, while the MLP ETF will invest in 25 to 50 US-listed MLPs. 

Edited by: HFD


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