Matt Hougan of Seeking Alpha submits that Van Eck is launching two new exchange traded funds (ETFs), in an attempt to grow its ETF empire. The Market Vectors Russia ETF will be the first Russian fund to hit the market. It will track the Deutsche Borse Russia Index, a modified market cap weighted index of globally available Russian equities. This ETF should be a hit with investors as Russia has been in high demand.

The Market Vectors-Global Alternative Energy ETF  will track the Ardour Global Alternative Energy Index, a 30-component index of global companies involved in the production of alternative fuels. Compared to other alternative energy ETFs, the Van Eck fund will have more global exposure with one-third of current components headquartered outside the U.S.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.