Products August 17, 2011

Alliance Pension Consultants Offers Plan Cost Analysis

Alliance Pension Consultants, LLC has unveiled its Total Plan Cost analysis.
Reported by

The Deerfield, Illinois-based firm says that the Total Plan Cost analysis is a service that assists advisors and plan sponsors in identifying the total costs of a retirement plan.

“In today’s rapidly changing fee disclosure environment, Total Plan Cost analysis is a necessary and valuable component of any plan review process,” the company said.

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More information is available at http://www.alliancepension.com/. 

Products August 17, 2011

Van Eck Introduces Market Vectors Mortgage REIT Income ETF

Van Eck Global has launched Market Vectors Mortgage REIT Income ETF (MORT).
Reported by

The new exchange-traded fund (ETF) offers pure play exposure to the mortgage REIT marketplace. MORT is intended to track, before fees and expenses, the performance of the Market Vectors Global Mortgage REITs Index, a capitalization-weighted index that requires constituent companies to derive at least 50% of their revenues from mortgage REITs. This includes companies and trusts, which are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities.

The Index had 25 constituents as of July 31, 2011, all of which were REITs focused on residential mortgages, commercial mortgages, or a mix of both. Unlike other indexes used in mortgage REIT-focused ETFs, the Index does not include mortgage finance companies or savings associations, the company said.

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MORT carries a gross expense ratio of 0.54% and a net expense ratio of 0.40%, with expensed capped at 0.40% until May 1, 2013 (excludes certain expenses, such as interest). The fund expects to make quarterly distributions to shareholders.

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