Van Eck Global has introduced the Market Vectors Mortgage REIT Income ETF (ticker: MORT).

“Yields from mortgage REITs have been higher in recent years than those provided by equity REITs and a number of other income-oriented products,” said Jans van Eck, a principal of the firm. “We’re please to bring out MORT, an ETF which we think could be a valuable portfolio-building tool for yield-focused investors in this low-yield environment.”

The fund tracks the Market Vectors Global Mortgage REITs Index, an index that requires constituent companies to derive at least 50% of their revenues from mortgage REITs.

Van Eck noted that if the U.S. government continues to wind down its role in thee mortgage market, private financial from sources such as mortgage REITs will increase in importance.