Van Eck Global is stirring up another exchange-traded fund in the form of the Market Vectors Global Chemicals ET, which will bet on U.S. and non-U.S. chemical concerns.
According to a Securities & Exchange Commission filing, the fund is benchmarked to the Vectors Global Chemicals Index, which included 158 securities of companies with an average market capitalization of $7.8 billion, as of February 3.
Hao-Hung (Peter) Liao and George Cao are the portfolio managers of the new offering. Fees for the new fund were not disclosed in the filing.
Hung Tran writes for Money Management Executive.