Van Eck Global, the asset manager behind the Market Vectors brand of ETFs, has entered into an agreement with Yorkville ETF Advisers to reorganise two Yorkville master limited partnership (MLP) ETFs under the Market Vectors umbrella.

Jan van Eck, CEO of Van Eck Global

Pending approval from shareholders and the boards of trustees, the Yorkville High Income MLP ETF (YMLP) and the Yorkville High Income Infrastructure MLP ETF (YMLI) will be reorganized as the Market Vectors High Income MLP ETF and the Market Vectors High Income Infrastructure MLP ETF, respectively.

The Yorkville funds offer investors exposure to commodity-based MLPs (YMLP) and infrastructure MLPs (YMLI).

MLPs are publicly traded limited partnerships which have traditionally offered attractive income opportunities.

“Van Eck Global is highly regarded as both a seasoned sponsor of exchange-traded products and an industry leader in natural resources and commodities-related investing. We believe shareholders will be well served by Van Eck Global’s insight and accessibility,” said Rich Hogan, Managing Partner of Yorkville ETF Advisers.

Jan van Eck, CEO of Van Eck Global, added: “MLPs are an important segment of the energy market. The attractive yield characteristics of MLPs make these ETFs a natural extension of our focus on income-oriented investing and we’re excited to make this asset class available to investors.”

The ETFs are expected to retain their existing ticker symbols and underlying indices. Van Eck Global expects the reorganisation process to begin late in the third quarter of 2015 and the transaction to be finalised in the fourth quarter of this year.

YMLP and YMLI are listed on the NYSE Arca exchange.