Market Vectors Index Solutions GmbH (MVIS - www.marketvectorsindices.com) today announced the licensing of the Market Vectors Global Coal Index and Market Vectors Global Gaming Index to Van Eck Global, the 5th largest provider of exchange traded products in the US and the 8th largest globally. The indices are underlying the Market Vectors Global Coal ETF (NYSE Arca: KOL) and the Market Vectors Global Gaming ETF (NYSE Arca: BJK) which began tracking the indices on 24 September 2012.
“We are pleased to have licensed another Sector and Hard Assets index to Van Eck,” said Lars Hamich, Chief Executive Officer at MVIS. “Market Vectors Global Coal Index and Market Vectors Global Gaming Index provide the basis for pure-play ETF exposure because the indices are entirely comprised of companies that generate at least 50% of their revenues from the global coal or global gaming segment. Moreover, we are convinced that our indices are in particular suited to underlie ETFs because we have the most stringent liquidity rules amongst index providers which makes the indices highly investable,” said Mr. Hamich.
Market Vectors Global Coal Index (MVKOL)
|Full Market Capitalisation: USD 121.52 billion|
|Top 5 Companies by Weighting: China Shenhua Energy (7.93%), Consol Energy (7.82%), Peabody Energy (6.87%), Joy Global (6.69%), QR National (5.84%).|
Market Vectors Global Gaming Index (MVBJK)
|Full Market Capitalisation: USD 245.66 billion|
|Top 5 Companies by Weighting: Las Vegas Sands (8.05%), Wynn Resorts (7.38), Sands China (7.27%), Genting Singapore (5.52%), Genting Berhard (5.23%).|
|(Opening data, 24 September 2012)|
Detailed information about Market Vectors Global Coal Index and Market Vectors Global Gaming Index and the full range of Market Vectors Indices, including methodology details and comprehensive data is available on www.marketvectorsindices.com.
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About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products. Approximately USD 8.9 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates Corporation (also known as Van Eck Global).