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.
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