Market Vectors ETFs Offers Five Additional Exchange-Traded Funds to Qualified Investors in Mexico
Posted on June 21, 2012 at 10:00 AM EDT
Market Vectors ETFs, the fifth largest provider of exchange-traded products in the U.S. and the eighth largest provider of ETPs globally, announced today that it has added five NYSE Arca-traded ETFs to the growing list of Market Vectors ETFs currently available to Qualified Investors in Mexico. Deutsche Securities Casa de Bolsa in Mexico will act as local sponsor and filing agent for the following ETFs:
1 As of 5/31/12; 2Source: FactSet.
These five industry-focused Market Vectors ETFs were introduced in the U.S. on December 20, 2011. The ETFs seek to replicate as closely as possible, before fees and expenses, the price and yield performance of a corresponding rules-based index provided by Market Vectors Index Solutions. These indices are designed to give investors exposure to the large capitalization end of the U.S. market, as described below.
Other Market Vectors ETFs Available in Mexico
With the addition of these five ETFs, Market Vectors ETFs now offers the following 24 ETFs to Qualified Investors in Mexico.
About Market Vectors ETFs
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 $25.1 billion in assets under management, making it the fifth largest ETP family in the U.S. and eighth largest worldwide as of March 31, 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 $34.8 billion in investor assets as of March 31, 2012.
Investments concentrated in one sector may be subject to more volatility than investments in a diverse group of sectors and are subject to the risks associated with the sector. Additionally, the Funds are subject to changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations and other risks inherent to international investing. The Funds are considered non-diversified and may be subject to greater risks than a diversified fund. Investors should be willing to accept a high degree of volatility and the potential of significant loss. See the Funds’ prospectuses for more complete information regarding investment risks.
The Funds have not been and will not be registered with the National Registry of Securities and Intermediaries of Mexico, pursuant to relevant securities laws and regulations of Mexico, and may not be publicly offered or sold within the Mexican territory in circumstances which constitute a public offer, within the meaning of the Securities Market Law (“Ley del Mercado de Valores”) of Mexico and its regulations.
The indices mentioned herein are the exclusive property of Market Vectors Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards Market Vectors Index Solutions GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties. The Funds are not sponsored, endorsed, sold or promoted by Market Vectors Index Solutions GmbH and Market Vectors Index Solutions GmbH makes no representation regarding the advisability of investing in the Funds.
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. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit our web site at marketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017
Mike MacMillan/Chris Sullivan
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here