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November 01, 2007 at 04:00 AM
Van Eck Global has introduced the Market Vectors Agribusiness ETF (MOO), which tracks the DAXglobal Agribusiness index — itself comprising 40 ADRs and common stocks of companies engaged in agricultural products, equipment, chemicals, livestock operations and ethanol/biodiesel.
The fund’s annual net expense ratio is 0.65 percent.
Also, First Trust Advisors launched two international ETFs. The First Trust FTSE EPRA/NAREIT Global Real Estate Index Fund (FFR) focuses on companies engaged in the real estate business located in North America, Europe and Asia.
For dividend-hungry investors, the company also unveiled the First Trust Dow Jones STOXX Select Dividend 30 Index Fund (FDD). The underlying index consists of 30 high-yield stocks across 18 European countries.
