Van Eck Introduces Hard Assets ETF

New York-based asset manager Van Eck Global has launched the Market Vectors-RVE Hard Assets Producers exchange-traded fund (HAP).

The firm says it is the first and only global hard assets ETF on the American Stock Exchange.

HAP seeks to replicate, before fees and expenses, the price and yield performance of The Rogers-Van Eck Hard Assets Producers Index (RVEI), which is designed to provide a reliable, comprehensive benchmark for measuring the performance of the global hard assets industry, according to a press release.

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HAP covers 321 companies in 40 countries and six sectors as of the end of August and captures more than 90% of the industry’s global stock market capitalization. The sectors covered include energy, agriculture, base metals, precious metals, forest products, and water and renewable energy (solar and wind). Van Eck says the RVEI is the first commodities equities index to include water and renewable energy.

The index includes only those companies that derive at least 50% of their revenues from the applicable commodity sector, with the exception of water, for which constituents must generate at least 25% of their revenues from that industry.


More information is available at www.vaneck.com/HAPetf.

Genworth Adds Service Offerings for Independent Advisers

Genworth Financial, Inc., expanded its service offerings in its wealth management business through Quantuvis Consulting, a practice management provider.

“Genworth is adding key services, tools, and experience to our already robust menu of practice management offerings and solidifies our leading position with independent financial advisers,” said Gurinder Ahluwalia, co-chairman at Genworth Financial Wealth Management, in a press release.

Quantuvis Consulting provides practice management and business development for independent financial advisers, according to the release. The privately held firm is headquartered in Redlands, California. Their services include private engagement, group and project based consulting programs, as well as brand and marketing consultation.

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