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).
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