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Market Vectors Announces Quarterly Distributions For Bank And Brokerage And Pharmaceutical ETFs

Market Vectors Bank and Brokerage ETF (NYSE Arca: RKH) and Market Vectors Pharmaceutical ETF (NYSE Arca: PPH) will move from annual to at least quarterly distributions, it was announced today. The first quarterly distribution ex-date will be on April 1, 2013.

“Historically, the pharmaceutical and banking and brokerage industries have generally out-yielded the broad equity market,” noted Brandon Rakszawski, product manager for Market Vectors ETFs. “We believe quarterly payments will be well received by Fund shareholders, particularly those looking to pharmaceutical and banking and brokerage companies in part for income.”

RKH and PPH both seek to replicate, as closely as possible, the price and yield performance of Market Vectors Indices which focus on highly-liquid, pure-play global companies. Unlike comparable industry-focused ETFs, RKH and PPH track an index that allows for exposure to U.S.-listed securities of international companies in addition to domestic constituents. For example, as of January 31, 2013, RKH contained global banks such as Barclays, Credit Suisse, Duetsche Bank and HSBC and PPH contained well-known pharmaceuticals companies such as AstraZeneca, GlaxoSmithKline, Novartis and Teva Pharmaceutical.

RKH and PPH each have a net expense ratio of 0.35% 1, and are among other Market Vectors industry ETFs with the lowest net expenses in their industry-focused peer group.

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 $27.6 billion in assets under management, making it the fifth largest ETP family in the U.S. and eighth largest worldwide as of December 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 managed approximately $36.6 billion in investor assets as of December 31, 2012.

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