Van Eck Global announced yesterday that the SEC authorized the registration statement for two new Market Vectors exchange traded funds (ETFs). Expect to see these new ETFs on the American stock exchange later this year. They are:
- Market Vectors Agribusiness ETF (MOO) – This ETF follows the DAXglobal Agribusiness Index (DXAG) and includes stocks from 40 companies engaged in agriproduct operations, agriculture equipment, ethanol/biodiesel and livestock operations. The companies within MOO generally generate 50% of their income from agribusiness.
- Market Vectors Nuclear Energy ETF (NLR) – This ETF is the first of its kind listed in the United States. It tracks the DAXglobal Nuclear Energy Index (DXNE) that comprises 38 stocks that participate in uranium mining, enrichment and storage, nuclear plant infrastructure, fuel transportation and energy generation and providing equipment for use in the provision of nuclear energy. Companies in NLR usually derive 50% of their income from nuclear energy.
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.