Van Eck Global and Merill Lynch, a subsidiary of Bank of America, have signed a deal for the Merill Lynch-sponsored HOLDings Depository Receipt (HOLDRs). Van Eck’s Market Vectors ETF Trust may provide investors in six holders the opportunity to exchange their shares in these funds for shares of new Market Vectors ETF.

Financial terms of the deal have not been disclosed. These HOLDRs had nearly $3.65 billion in aggregate assets and a combined 30-day average daily trading volume of nearly 20.07 million shares, as of Aug. 11. After the completion of the deal, Merill Lynch aims to delift the six HOLDRs included in the transaction and liquidate them.

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