S&P Index Changes Pressure BDC ETFs

Business development company-related exchange traded funds are weakening after S&P Dow Jones Indices decided to remove BDCs from its U.S. indices. The Market Vectors BDC Income ETF (NYSEArca: BIZD), which tracks U.S.-listed BDCs, has dropped 1.6% over the past week. Additionally, BDC-related...