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Van Eck to launch defaulted bond ETF

Van Eck is planning to launch a defaulted bond exchange-traded fund, according to a regulatory filing made with the US Securities and Exchange Commission.

According to the filing the proposed ETF – the Market Vectors-Altman Defaulted & Distressed Bond ETF – will be based on an index comprising below-investment defaulted bonds and distressed bonds.

It will have its primary listing the New York Stock Exchange’s Arca electronic trading platform.

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