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Lars Hamich, chief executive officer at MVIS

Market Vectors licenses US Business Development Companies Index to Van Eck

Market Vectors Index Solutions has licensed the US Business Development Companies Index (MVBIZDTG) to Van Eck Global, the fifth largest provider of exchange-traded products in the US and the eighth largest globally.

The index underlies the Market Vectors BDC Income exchange-traded fund (BIZD) which began tracking the index on 12 February 2013.

“Market Vectors US Business Development Companies Index is exclusively comprised of publicly trading business development companies, a unique type of corporate entity,” says Lars Hamich (pictured), chief executive officer at MVIS. “Like always, our goal was to create an index which is the ideal underlying for ETFs. To ensure a liquid and investable index design we have implemented most demanding liquidity screenings.”

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