ETF Trends
ETF Trends

Yorkville ETF Advisers Merges with Van Eck Global

Van Eck Global said it is acquiring the Yorkville High Income MLP ETF (NYSEArca: YMLP) and the Yorkville High Income Infrastructure MLP ETF (NYSEArca: YMLI) last year. The reorganization process began late in the third quarter of 2015 and the transaction to was finalized February 22, according to a press release. The two funds are now known as the Market Vectors High Income MLP ETF (NYSEArca: YMLP) and the Market Vectors High Income Infrastructure MLP ETF (NYSEArca: YMLI). The two ETFs will continue tot rack the same indices and focus on high-income master limited partnerships. [Market Vectors Bolsters Income Lineup by Acquiring Two MLP ETFs]

Market Vectors has previously acquired other issues to bolster its lineup. In 2011, the firm acquired the Merrill Lynch HOLDRs ETFs, giving it access to several well-known sector and industry funds, including the Market Vectors Biotech ETF (NYSEArca: BBH), Market Vectors Oil Service ETF (NYSEArca: OIH) and the Market Vectors Retail ETF (NYSEArca: RTH).

High Dividend Global Stocks

Pacer Financial has launched the Pacer Global High Dividend ETF (BATS: PGHD), according to a press release. PGHD will try to reflect the performance of the Pacer Global Cash Cows Dividend 100 Index, which targets the universe of FTSE All World Developed Large-Cap Index, screens for those with the highest trailing twelve month free cash flow yield and targets 100 companies with the highest twelve month dividend yield. The underlying index shows a 5.06% dividend yield. PGHD has a 0.60% expense ratio.

High-Yield Sovereign Debt

Cambria Investment Management launched the actively managed Cambria Sovereign High Yield Bond ETF (NYSEArc: SOVB), according to a press release. SOVB consists of liquid sovereign debt issues with high yield characteristics. Additionally, the underlying index tries to eschew traditional cap-weighted indexing methodologies, which may overweight the most indebted countries, by limiting country debt to 10% of the portfolio. The ETF is mostly made up of emerging market high-yield, speculative-grade debt. SOVB has a 0.59% expense ratio.

Max Chen contributed to this article.

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.