Click here to read the original article on ETFdb.com.
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Market Vectors Files For Unconventional Oil & Gas ETF
September 27, 2011 at 07:00 AM EDT
Van Eck, the New York-based ETF issuer best known for its hard asset and country specific funds such as the Gold Miners ETF (GDX) and the Market Vectors Russia ETF (RSX), announced further expansion in the commodity space with plans for an ‘Unconventional Oil & Gas ETF’. If approved, the fund will mark the 41st product from the rapidly growing ETF giant and could help the company grow its assets in the oil space, one of the few areas in which Van Eck’s current lineup is lacking. While many details were not yet released in the SEC filing, expense ratio and ticker symbol are still unavailable, we have highlighted some of the key points from the filing below: The proposed fund looks to track the Market Vectors Unconventional Oil & Gas Index which seeks to give investors access to a basket of companies that are primarily engaged in a variety of activities [...] Click here to read the original article on ETFdb.com. Related Posts: Three Forgotten ETFs To Play Oil ETF Dividend Ideas For 2011 Claymore Changes Name To Guggenheim Funds Are Energy ETFs Now A Buy? Energy ETFs: Six Very Different Ways To Play
Van Eck, the New York-based ETF issuer best known for its hard asset and country specific funds such as the Gold Miners ETF (GDX) and the Market Vectors Russia ETF (RSX), announced further expansion in the commodity space with plans for an ‘Unconventional Oil & Gas ETF’. If approved, the fund will mark the 41st product from the rapidly growing ETF giant and could help the company grow its assets in the oil space, one of the few areas in which Van Eck’s current lineup is lacking. While many details were not yet released in the SEC filing, expense ratio and ticker symbol are still unavailable, we have highlighted some of the key points from the filing below: The proposed fund looks to track the Market Vectors Unconventional Oil & Gas Index which seeks to give investors access to a basket of companies that are primarily engaged in a variety of activities [...]
