Van Eck Global has filed for permission from the U.S. Securities and Exchange Commission to create exchange-traded fund share classes of at least one of its five mutual funds.
According to the filing, both the ETF shares and the mutual fund share classes will represent interests in the same portfolio of investments, according to the filing. Van Eck also wants to be able to issue more classes of conventional mutual fund shares. The firm's mutual funds include the CM Commodity Index Fund, the Emerging Markets Fund, and the Global Hard Assets Fund. The other funds are the International Investors Gold Fund and the Multi-Manager Alternatives Fund.