Products February 12, 2013

ETF Focuses on Business Development Companies

February 12, 2013 (PLANSPONSOR.com) – Market Vectors ETF Trust launched the Market Vectors BDC Income ETF (NYSE Arca: BIZD).
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The company says it is the first exchange-traded fund (ETF) designed to provide pure-play exposure to business development companies (BDCs).   

BIZD seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors U.S. Business Development Companies Index (MVBIZDTG), a rules-based index intended to track the overall performance of publicly traded business development companies. To be eligible for the index, a BDC must also have a market capitalization in excess of $150 million, a three-month average daily trading volume of at least $1 million and a minimum trading volume of 250,000 shares each month in the previous six months.   

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“Business development companies have traditionally been high-yielding, making them an attractive choice in today’s ongoing search for income,” said Brandon Rakszawski, product manager for Market Vectors ETFs. “Investing in BDCs provides exposure to private companies that many investors could not otherwise access, allowing for potential growth and yield generation.”   

More information is at http://www.vaneck.com/market-vectors/equity-etfs/.
Products February 12, 2013

OneAmerica Offers Indexed Investing Solution

February 12, 2013 (PLANSPONSOR.com) – The companies of OneAmerica launched Index(k), an approach to retirement plan construction focused on indexed investing.
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Index(k) was developed in response to an increased focus on management fees, total investment expenses and transparency. The solution will offer plan sponsors a menu comprised of 18 collective trust investment options offered through Wilmington Trust Retirement and Institutional Services Company and managed by BlackRock.   

The investment options include nine of BlackRock’s LifePath target-date investment funds, as well as the stable-value investment option of the American United Life Insurance Company (AUL). Index(k) will be combined with AUL’s service model that supports advisers, plan sponsors and plan participants in all aspects of preparing for a secure retirement through customized communications, education and local personal service.  

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“Index(k) will appeal to the growing number of advisers and retirement plan sponsors who place a greater emphasis on plan health and participant education,” said Bill Yoerger, president of retirement business for the OneAmerica companies.  

The companies of OneAmerica will work alongside Wilmington Trust and BlackRock to position Index(k) as an investment fund strategy option for small and midsized plans.

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