ETF NEWS: READY FOR THE NUCLEAR OPTION?
Despite the current market sell off, the march toward more new ETF offerings hasn’t subsided in the least bit. Case in point is the news out of Van Eck Global, which announced yesterday that the Securities and Exchange Commission (SEC) authorized the registration statement for two new Market Vectors ETFs. I expect to see these new ETFs on the American Stock Exchange later this year.
The first of these new funds is the Market Vectors Agribusiness (MOO). This ETF follows the DAXglobal Agribusiness Index (DXAG) and includes stocks from 40 companies engaged in agriproduct operations, agriculture equipment, ethanol/biodiesel and livestock operations. The companies within MOO generally generate 50% of their income from agribusiness.
The second, and perhaps most intriguing of the two new Van Eck Global offerings, is the Market Vectors Nuclear Energy ETF (NLR). This ETF is the first of its kind listed in the United States. It tracks the DAXglobal Nuclear Energy Index (DXNE), which comprises 38 stocks that participate in uranium mining, enrichment and storage, nuclear plant infrastructure, fuel transportation and energy generation, as well as providing equipment for use in the provision of nuclear energy. Companies in NLR usually derive 50% of their income from nuclear energy.
I know that I will be keeping a keen eye on both of these new Van Eck Global funds once they begin trading. Both the agri-business and nuclear energy sectors are becoming interesting places to invest.
WEALTH COACHING WITH DOUG
The coach is back from a very fruitful trip to the San Francisco Money Show, and I am happy to report that many of the attendees took me up on my offer and scheduled their very own coaching session.
If you are feeling uneasy because of this stock market decline (and who isn’t?), or if you don’t have a clear roadmap designed to help you reach your retirement destination, I can help.
I invite anyone concerned with his or her investment situation to contact me at Fabian Wealth Strategies, my fee-only investment advisory firm. Our management fees vary depending on the scope of your needs, and our prices start at just $500.
For more information on how to schedule your very own coaching session, call David Fabian at 800.391.1118, or e-mail him.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
