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Market Vectors Changing Index Of Its Russia ETF (RSX)

Effective on or about March 16, 2012, Market Vectors Russia ETF (NYSE Arca: RSX) will begin tracking a new benchmark, the Market Vectors Russia Index (ticker: MVRSX). MVRSX employs the Market Vectors Index Methodology that focuses on investability. This methodology is shared by the benchmark indices of several other Market Vector ETFs, among which are Brazil Small-Cap (BRF), Colombia (COLX), Indonesia (IDX), Poland (PLND) and Vietnam (VNM).

“We don’t view this as a major change” said Jan van Eck, President of Market Vectors ETF Trust. “RSX will continue to provide investors with a Russia focused ETF but will now include expanded exposure to Russia.”

MVRSX reflects the performance of the largest, most liquid companies doing business in Russia. Since its inception on July 14, 2010, the total return performance of the Market Vectors Russia Index is almost identical to that of the index it is replacing (-6.62%% for MVRSX versus -6.82% for the DAXglobal Russia+ Index).

The Market Vectors Index Methodology employs a pure-play approach that expands upon locally listed companies to include offshore companies that generate at least 50 percent of their revenues in Russia. The Index can include American and global depository receipts of Russian companies. These securities can provide better exposure than their locally domiciled and listed counterparts as a result of their higher trading volumes and superior liquidity. It provides at least 90 percent coverage of the investable universe based on size and liquidity screens.

“We expect that the investability characteristics of the Market Vectors Russia Index should allow RSX to maintain its relatively low tracking error,” said Adam Phillips, Managing Director at Market Vectors ETF Trust.

MVRSX was developed, and is owned and maintained by Market Vectors Index Solutions (MVIS) GmbH, a Germany-based company. MVIS develops, markets and licenses Market Vectors Indices, which currently underlie 21 Market Vectors exchange-traded funds. Detailed information regarding MVIS is available at

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 currently totals $23.6 billion in assets under management, making it the sixth largest ETF family in the U.S. and the eighth largest worldwide as of December 31, 2011.

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