Global ETFs with Industry Focus Debut

September 5, 2007

SAN DIEGO (ETFguide.com) - Several new industry focused global exchange-traded funds (ETFs) have been launched.

Van Eck Global has introduced the Market Vectors Agribusiness ETF (Ticker: MOO). 

The fund tracks the DAXglobal Agribusiness Index, which is comprised of 40 ADRs and common stocks of companies engaged in agriproduct equipment and operations, agricultural chemicals, livestock operations, and ethanol/biodiesel.

The fund’s annual net expense ratio is 0.65 percent.

This is the fifth ETF Van Eck has launched on the American Stock Exchange.

Also, last week First Trust Advisors launched two international ETFs.

The First Trust FTSE EPRA/NAREIT Global Real Estate Index Fund (Ticker: FFR) will focus on companies engaged in the real estate business located in North America,

Europe and Asia.

For dividend hungry investors the company also unveiled the First Trust Dow Jones STOXX Select Dividend 30 Index Fund (Ticker: FDD).

The underlying index consists of 30 high-dividend yielding stocks selected from the broader Dow Jones STOXX 600. The index is dividend weighted and captures market

exposure to companies across 18 European countries.

The net annual expense ratio for both First Trust funds is capped at 0.60 percent.