Van Eck Introduces Mortgage REIT Income ETF
Van Eck Global launched an ETF that provides exposure to publicly traded mortgage REITs this week.
The Market Vectors Mortgage REIT Income ETF (MORT) tracks an index of 25 REITs in the commerical and/or residential markets. The index does not include savings associations or mortgage finance companies.
Van Eck points out that the mortgage market is dynamic and that, if the government continues to wind down its role in the mortgage market, more opportunities will open up for the private sector.
The exchange traded fund carries a net expense ratio of 0.40% and the index has a current dividend yield of 14%.
For more ETF investing choices, see the Investing for Income with ETFs.