Van Eck Global has made a bid to
convert the assets for six Merrill Lynch-sponsored HOLDRS into its Market Vectors ETF lineup. The HOLDRS, now part of the Van Eck lineup are the Oil Services (OIH), Semiconductor (SMH), Pharmaceutical (PPH), Biotech (BBH), Retail (RTH), and Regional Bank (RKH).
Investors can exchange 6 Merrill Lynch products for new corresponding ETFs through Dec. 20
Vanguard changes 10 funds; First Trust fund looks for IPO; Grandeur Peak to launch two funds; and Castle Investment Management cuts expense ratio.