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Van Eck Unveils Mortgage REIT Income ETF

New York-based Van Eck Global has set up an ETF providing exposure to the mortgage REIT marketplace.

New York-based Van Eck Global has set up an ETF providing exposure to the mortgage REIT marketplace. The Market Vectors Mortgage REIT Income ETF will be benchmarked against the Market Vectors Global Mortgage REITs Index, a capitalization-weighted index.

The index requires constituent companies to raise at least half of their revenue from mortgage REITs, including companies and trusts engaged in buying or service of commercial or residential mortgage loans or mortgage-related securities. The ETF intends to make quarterly distributions to shareholders.

Click here for the release from Van Eck Global.

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