September 29, 2011 at 12:55 PM EDT
CORRECTING and REPLACING Van Eck Global Reduces Expense Cap for Market Vectors® Brazil Small-Cap ETF (BRF)

Sixth graph, first sentence of release should read: Van Eck had approximately $22.9 billion of assets under management in its family of Market Vectors ETFs as of June 30, 2011, and $34.7 billion in total assets under management as of the same date (sted Van Eck had approximately $34.7 billion of assets under management in its family of Market Vectors ETFs as of June 30, 2011).

The corrected release reads:

VAN ECK GLOBAL REDUCES EXPENSE CAP FOR MARKET VECTORS® BRAZIL SMALL-CAP ETF (BRF)

New York-based investment manager Van Eck Global announced that it is lowering the expense cap on its Market Vectors Brazil Small-Cap ETF (NYSE Arca: BRF), effective today. BRF’s expense cap is being reduced from 62 basis points (bps) to 59 bps. Van Eck expects that, as a result of this, investors in BRF will pay lower fees.

The Market Vectors Brazil Small-Cap ETF (BRF) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Brazil Small-Cap Index. The Index provides exposure to publicly traded small capitalization companies that are domiciled and primarily listed on an exchange in Brazil or that generate at least 50 percent of their revenues in Brazil. As of September 28, BRF had approximately $620 million in investor assets under management.

This marks the second time in the history of BRF that Van Eck has lowered the fund’s expense cap, and BRF is the third ETF in Van Eck’s Market Vectors family to have its expense cap reduced so far this year. In January, the firm announced that the expense cap for Market Vectors Indonesia Index ETF (IDX) was being reduced from 68 bps to 60 bps, and that the expense cap for Market Vectors Poland ETF (PLND) was being reduced from 65 bps to 60 bps.

The reduced expense cap for BRF will be in place until at least May 1, 2012. As is typically the case, interest expense and certain other expenses are excluded from the expense cap.

“We’re very pleased to announce this reduction in BRF’s expense cap,” said Jan van Eck, Principal at Van Eck Global. “Keeping shareholder costs down is a priority for us, and as opportunities like this present themselves, we will continue to look for ways to absorb operating expenses going forward.”

Van Eck had approximately $22.9 billion of assets under management in its family of Market Vectors ETFs as of June 30, 2011, and $34.7 billion in total assets under management as of the same date. BRF is one of 14 international Market Vector ETFs. Others include ETFs focused on Africa (AFK), China (PEK), Colombia (COLX), Egypt (EGPT), Germany (GERJ), Gulf States (MES), India (SCIF), Indonesia (IDX), Latin America (LATM), Poland (PLND), Russia (RSX and RSXJ), and Vietnam (VNM).

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 this 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, variable insurance products, 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.

Van Eck Global has agreed to waive fees and/or pay the Funds’ expenses to the extent necessary to prevent the Funds’ operating expenses (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.59% of the Funds’ average daily net assets per year until at least May 1, 2012. During such time, the expense limitation is expected to continue until the Funds’ Board of Trustees acts to discontinue all or a portion of such expense limitation. As typically case, interest expense and certain other expenses are excluded from the expense cap.

The Fund is subject to elevated risks, including those associated with investments in derivatives and foreign securities. In particular, Brazilian investments are subject to elevated risks, which include, among others, actions taken by the Brazilian government, inflation, high interest rates, currency risk, less reliable financial information, higher transactional costs, taxation, political instability and other risks associated with foreign investments. In addition, companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

The Market Vectors Brazil Small-Cap, Market Vectors Indonesia, and Market Vectors Poland Indices (the “Indices”) are the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Indices. Structured Solutions AG uses its best efforts to ensure that the Indices are calculated correctly. Irrespective of its obligations towards 4assetmanagement GmbH, Structured Solutions AG has no obligation to point out errors in the Indices to third parties. Market Vectors Brazil Small-Cap, Market Vectors Indonesia, and Market Vectors Poland ETFs (the “Funds”) are not sponsored, endorsed, sold or promoted by 4asset-management GmbH and 4assetmanagement 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 cash. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

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

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

Contacts:

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