Eleven Market Vectors ETFs To Begin Trading on NYSE Arca
October 31 2008 - 10:27AM
Business Wire
New York-based asset manager Van Eck Global today announced that
eleven Market Vectors exchange-traded funds (ETFs) will transfer
from the NYSE Alternext US LLC (formerly the American Stock
Exchange) to the NYSE Arca listing and trading platform by
year-end. This move comes as a result of the completed acquisition
of the former American Stock Exchange by NYSE Euronext, the holding
company for NYSE Arca. Current shareholders of the Market Vectors
ETFs are not required to take any action as a result of this
change. The complete list of funds making the transfer is as
follows: Equity ETFs Market Vectors-Agribusiness ETF (MOO) Market
Vectors-Environmental Services ETF (EVX) Market Vectors-Gaming ETF
(BJK) Market Vectors-Gold Miners ETF (GDX) Market Vectors-Nuclear
Energy ETF (NLR) Market Vectors-RVE Hard Assets Producers ETF (HAP)
Market Vectors-Solar Energy ETF (KWT) Market Vectors-Steel ETF
(SLX) Municipal Bond ETFs Market Vectors-Intermediate Municipal
Index ETF (ITM) Market Vectors-Long Municipal Index ETF (MLN)
Market Vectors-Short Municipal Index ETF (SMB) About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first
U.S. money managers helping investors achieve greater
diversification through global investing. Today the firm continues
that 50+ year tradition by offering global investment choices in
hard assets, emerging markets, precious metals including gold, and
other specialized asset classes. Market Vectors exchange-traded
products have been offered by Van Eck Global since 2006 when the
firm launched the nation�s first gold mining ETF. Today, Market
Vectors ETFs and ETNs span several asset classes, including
equities, municipal bonds and currency markets. Van Eck Global also
offers mutual funds, insurance trust funds, separate accounts and
alternative investments. Designed for investors seeking innovative
choices for portfolio diversification, Van Eck Global�s investment
products are often categorized in asset classes having returns with
low correlations to those of more traditional U.S. equity and fixed
income investments. The principle risks of investing in Market
Vectors ETFs include sector, market, economic, political, foreign
currency, world event and index tracking risks. Additional risks
include fluctuations in net asset value and risks associated with
investing in non-diversified portfolios. The Funds may loan their
securities, which may subject them to additional credit and
counterparty risk. For a more complete description of these and
other risks, please refer to each Fund�s prospectus. �Jim Rogers,�
�James Beeland Rogers, Jr.,� and �Rogers,� are trademarks, service
marks and/or registered trademarks of Beeland Interests, Inc.,
which is owned and controlled by James Beeland Rogers, Jr., and are
used subject to license. The personal names and likeness of Jim
Rogers/James Beeland Rogers, Jr. are owned and licensed by James
Beeland Rogers, Jr. HAP is not sponsored, endorsed, sold or
promoted by Beeland Interests or James Beeland Rogers, Jr. Neither
Beeland Interests nor James Beeland Rogers, Jr. makes any
representation or warranty, express or implied, nor accepts any
responsibility, regarding the accuracy or completeness of this
material, or the advisability of investing in securities or
commodities generally, or in HAP or in futures particularly.
BEELAND INTERESTS AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY
FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS, AND MAKES NO WARRANTY,
EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS OF THE
SHARES OF HAP, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF RVEI.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BEELAND
INTERESTS OR ANY OF ITS AFFILIATES HAVE ANY LIABILITY FOR ANY LOST
PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR
LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF. Fund shares
are not individually redeemable and will be issued and redeemed at
their net asset value (�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. Investors may call
1.888.MKT.VCTR or visit www.vaneck.com for a free prospectus. They
should consider the investment objective, risks and charges and
expenses of each Fund carefully before investing. The prospectus
contains this and other information about the Funds. Please read
each Fund�s prospectus carefully before investing. Investing
involves risk, including possible loss of principal. An investor
cannot invest directly in an index. Van Eck Securities Corporation,
Distributor, 99 Park Avenue, New York, NY 10016
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