Van Eck Files For Saudi Arabia ETFs

Investors on Wall Street have endured a grueling week as political turbulence in the overseas currency bloc paved the way for volatile trading and rampant profit taking. On the product development front, ArrowShares made its entrance into the ETF industry with the launch of the Dow Jones Global Yield ETF (GYLD). Van Eck beefed up its fixed income product lineup with the launch of the Market Vectors Emerging Markets High Yield Bond ETF (HYEM), while also drafting plans to roll out a pair of Saudi Arabia ETFs [see How To Pick The Right ETF Every Time]. New York-based veteran Van Eck has filed with the SEC for two Saudi Arabia ETFs, making this a first-to-market proposal: Market Vectors Saudi Arabia ETF: This ETF seeks to replicate the price and yield performance of the Market Vectors Saudi Arabia Index. The underlying index is comprised of companies that are domiciled and publicly traded in the country, or [...] Click here to read the original article on ETFdb.com. Related Posts: Middle East ETFs Under Pressure As Protests Intensify Will Gulf State ETFs Thrive From Oil Wealth UAE, Qatar Rejected, Won’t Be Joining Emerging Markets ETFs (EEM, VWO) Never Judge An ETF By Its Cover ETFs To Watch As Egyptian Drama Plays Out