May 23, 2007 at 1:08 pm by Tom Lydon
Van Eck has a couple of new exchange traded funds (ETFs) in the works right now. One new ETF will offer exposure to nuclear energy, and the other to agriculture. According to the press release the creation of these ETFs are in reaction to the spike in uranium and corn prices as the government and consumers get ready to find many new alternative energy sources. For instance, corn prices jumped after the production of ethanol was mandated by Congress. These ETFs are based on foreign indices by Deutsche Borse. These new ETFs will bring the Van Eck Market Vectors family up to 7.
Tags: Corn
Subscribe to Our RSS Feed
