April 10, 2020 Comments Off on VanEck Vectors BDC Income ETF (BIZD) Down -40.20% YTD Blog, Current Investigations, Securities Fraud

VanEck Vectors BDC Income ETF (BIZD) Down -40.20% YTD

VanEck Vectors BDC Income ETF (BIZD) Down -40.20% YTD, featured by Top Securities Fraud Attorneys, The White Law Group

VanEck Vectors BDC Income ETF (BIZD) 

BIZD Investment Losses

Have you suffered losses investing in VanEck Vectors BDC Income ETF (BIZD)? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index, comprised of BDCs. According to Yahoo Finance, BIZD is down -40.20% YTD daily total return.

Unfortunately for investors, COVID-19 global pandemic has caused securities markets to tank, particularly those related to oil and gas..Structured notes with just weeks or months left until they mature, are trading in distressed territory, according to Bloomberg.

Investigation of High-risk ETFs

The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like BIZD to investors.

An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.

Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector.  In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.

Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client based on the client’s age, investment experience, net worth, and investment objectives.

If you have suffered losses investing in VanEck Vectors BDC Income ETF (BIZD), you may be able to recover your losses through FINRA arbitration. For a free consultation with a securities attorney, please call the White Law Group at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.

 

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