BDC ETFs Weaken as Russell Joins S&P in Giving Companies the Boot

High-yielding business development company exchange traded funds dipped Tuesday as Russell Indexes announced it will join S&P Dow Jones Indices in booting BDCs from its indices. The Market Vectors BDC Income ETF (NYSEArca: BIZD), which tracks U.S.-listed BDCs, was down 0.4% Tuesday....