NEW YORK--(BUSINESS WIRE)--
Effective on or about March 21, 2014, Market Vectors® Uranium+Nuclear Energy ETF (NYSE Arca: NLR®) will begin tracking the Market Vectors® Global Uranium and Nuclear Energy Index (MVNLRTR). MVNLRTR 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 indices of several other Market Vector ETFs, including Agribusiness (MOO®), Indonesia (IDX®), Junior Gold Miners (GDXJ®), Oil Services (OIH®), Russia (RSX®), Semiconductor (SMH), and Vietnam (VNM).
MVNLRTR is a rules based, modified capitalization-weighted, float-adjusted index that seeks to track the performance of the global uranium and nuclear energy segment. Similar to other Market Vectors indices, MVNLRTR is built specifically for ETFs. The Index employs constituent weighting caps that aim to help diversify the ETF among names in the global uranium and nuclear energy segment, while extensive liquidity screens are used to enhance the tradability of the ETF. Additionally, to create an index that seeks to be representative of the industry, its rules require that constituents generate at least fifty percent of their revenues from (or, in certain circumstances, have at least fifty percent of their assets related to) uranium and nuclear energy, as defined by the index provider. The constituent names and weights of every Market Vectors index, including MVNLRTR, are provided daily on the Market Vectors Index Solutions website: www.marketvectorsindices.com.
MVNLRTR 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. 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 totaled $22.6 billion in assets under management, making it the seventh largest ETP family in the U.S. and tenth largest worldwide as of November 30, 2013.
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 managed approximately $31.4 billion in investor assets as of November 30, 2013.
The Fund is subject to various risks including those associated with making investments in nuclear energy companies such as restrictive regulations, accidents, breaches of security, ill-intentioned acts or terrorism, air crashes, natural disasters, equipment malfunctions or mishandling in storage, handling, transportation, treatment or conditioning of substances and nuclear materials. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. Please see prospectus for complete risk information.
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 marketvectorsetfs.com. Please read the summary prospectus and prospectus carefully before investing.
Van Eck Securities Corporation, Distributor,
335 Madison Avenue, New York, NY 10017
- Investment & Company Information
- Van Eck Global
Mike MacMillan/Chris Sullivan, 212-473-4442