The commodities fund specialists at
Van Eck have some unique ETFs in the works. The New York City-based mutual fund advisor has
filed with the SEC for a fund that invests in nuclear energy related stocks and a second focusing on agriculture.
The
Bank of New York will act as the custodian and transfer agent for the two ETFs.
The ETFs appear to be a response to surging prices for uranium and corn as consumers and national governments shake up their sources of energy in the wake of rising oil prices. Corn prices jumped after mandates for the production of ethanol were mandated by Congress.
The exchange-traded funds are also different from the typical ETF in that they are based on foreign indices. In both cases the benchmarks come from
Deutsche Börse AG.
Van Eck has created the
Market Vectors brand for its family of ETFs. Currently, it offers five ETFs after launching its first last year.
Though they are not out of registration, the two ETFs are already off to a good start: their unique twist caught the attention of the reporters at the
Wall Street Journal, who then profiled the funds for the paper's
Fund Track column. 
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