Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Market Vectors® Changing Underlying Index of Agribusiness ETF (MOO®)

01/07/2013 | 06:05pm US/Eastern
Recommend:
0

Largest U.S. Listed Agribusiness ETF Will Track Benchmark Providing Extensive Liquidity Screens, Company Weighting Caps and Pure-Play Approach to Indexing

Effective on or about March 18, 2013, Market Vectors Agribusiness ETF (NYSE Arca: MOO), the largest U.S. listed agribusiness exchange-traded fund (ETF), will begin tracking the Market Vectors Global Agribusiness Index (MVMOOTR). MVMOOTR uses the Market Vectors index methodology that focuses on investability, diversification and pure-play exposure to the relative asset class. This methodology is shared by the benchmark indexes of several other Market Vector ETFs, including Brazil Small-Cap (BRF®), Indonesia (IDX), Junior Gold Miners (GDXJ®), Oil Services (OIH), Russia (RSX®), Semiconductor (SMH) and Vietnam (VNM).

MVMOOTR is a rules based, modified capitalization-weighted, float-adjusted index that seeks to track the performance of the global agribusiness industry. Similar to other Market Vectors indices, MVMOOTR is built specifically for ETFs. The Index employs stringent liquidity screens and constituent weighting caps that together are intended to enhance the tradability and diversification of the ETF. Additionally, to create an index representative of the industry, its rules require that constituents generate at least fifty percent of their revenues from the global agribusiness industry. The constituent names and weights of every Market Vectors index, including MVMOOTR, are provided daily on the Market Vectors Index Solutions website: www.marketvectorsindices.com.

"We expect that MOO will become more diversified as a result of these changes," said Brandon Rakszawski, Marketing Product Manager at Market Vectors. "Constituent capping will continue to help avoid overconcentration in a few large holdings and the pure-play nature of the index will allow MOO to offer truly representative exposure to the agribusiness industry."

"We believe that the business of food is a critical industry and one that's growing in importance and potential opportunity for investors," said Ed Lopez, Marketing Director at Market Vectors. "So, it is important for us have an index that best reflects the agribusiness industry and one that matches our philosophy of offering ETFs truly constructed for the asset class they are intended to track."

MVMOOTR was developed, and is published by Market Vectors Index Solutions GmbH (MVIS), a Germany-based wholly owned subsidiary of Van Eck Associates Corporation. MVIS develops, markets and licenses Market Vectors branded indexes. In total, approximately $8.7 billion in assets under management are linked to exchange-traded products using Market Vectors indexes, as of September 30, 2012. Detailed information regarding MVIS is available at www.marketvectorsindices.com.

About Market Vectors

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family currently totals $27.9 billion in assets under management, making it the fifth largest ETF family in the U.S. and the eighth largest worldwide as of September 30, 2012.

Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and manages approximately $37.8 billion in investor assets as of September 30, 2012.

Disclosures

The Market Vectors Agribusiness ETF is subject to economic forces, including those affecting the agricultural commodity, energy and financial markets, as well as government policies and regulations affecting the agricultural sector and related industries. These forces could adversely affect the Fund's portfolio companies and, thus, the Fund's financial situation and profitability. Agricultural production and trade flows are significantly affected by government policies and regulations. In addition, the Fund's portfolio companies must comply with a broad range of environmental laws and regulations which could adversely affect the Fund. Additional or more stringent environmental laws and regulations may be enacted in the future and such changes could have a material adverse effect on the business of the Fund's portfolio companies. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investing involves risk, including possible loss of principal. An investor should consider the investment objective, risks, and charges and expenses of the investment carefully before investing. To obtain a summary prospectus and prospectus, which contain this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the summary prospectus and prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017

MacMillan Communications
Mike MacMillan/Chris Sullivan
212-473-4442
mike@macmillancom.com


© Business Wire 2013
Recommend :
0
React to this article
Latest news
Date Title
<1m ago BLOOMAGE BIOTECHNOLOGY : Announcements and Notices - Voluntary Announcement
<1m ago CHINA INNOVATIONPAY : Unusual price and trading volume movements
<1m ago CHINA INNOVATIONPAY : Company information sheet
<1m ago CHINA INNOVATIONPAY : Next Day Disclosure Return
1m ago ROYAL MAIL : It's no postcode lottery that our villages top list ; Mail Opinion
1m ago NEW GEN TCH : Monday's Television Guide
1m ago NEFTYANAYA KOMPANIYA LUKOIL : LUKOIL plans to mine gas at Northern Shady field in 2015
1m ago BANK OF GEORGIA : "bg capital" changed name
2m ago Exclusive - From Seoul to Mexico City, pressure mounts to ease U.S. oil export ban
3m ago HONDA MOTOR : Redding is a top 10 hit at Silverstone
Latest news
Advertisement
Hot News 
FORBIDDEN TECHNOLOGIES : Launches Alpha Test Of 'Eva' Video Platform
PERFORM : Final cash offer
WORTHINGTON : Re Agreement
SEEING MACHINES : Trading Up 25% As It Teams With Takata Corp
SHANTA GOLD : Reaffirms Production Guidance As First-Half Profit Rises
Most Read News
1d ago TOTAL KENYA : Shell closes in on market leader as KenolKobil drops
1d ago CHINA GALAXY SECURITIES : seeks approval for $1.2 billion Shanghai listing
1d ago CITIGROUP : Citi to pay allowance to compensate for limited bonuses
1d ago NATIONAL BANK OF KENYA : share premium to earn Treasury, NSSF Sh1.4bn
1d ago PORSCHE AUTOMOBIL SE : set to launch Sh9.3m SUV model
Most recommended articles
10h agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
3d ago S&P 500 edges up to set new record; best month since Feb
1m ago Exclusive - From Seoul to Mexico City, pressure mounts to ease U.S. oil export ban
18m agoDJDraghi is Looking to a Turbulent Time Ahead
1h agoDJBrazil's August Trade Surplus Narrows to $1.17 Billion -- Update
Dynamic quotes  
ON
| OFF