Market Vectors Changing Underlying Index Of Uranium+Nuclear Energy ETF
Effective on or about March 21, 2014, Market Vectors® Uranium+Nuclear Energy ETF (NYSE Arca: NLR®) will begin tracking the Market Vectors ® Global Uranium and Nuclear Energy Index (MVNLRTR). MVNLRTR uses the Market Vectors index methodology that focuses on investability, diversification, and pure play exposure to the relative asset class. This methodology is shared by the benchmark indices of several other Market Vector ETFs, including Agribusiness (MOO®), Indonesia (IDX®), Junior Gold Miners (GDXJ ®), Oil Services (OIH®), Russia (RSX ®), Semiconductor (SMH), and Vietnam (VNM).
MVNLRTR is a rules based, modified capitalization-weighted, float-adjusted index that seeks to track the performance of the global uranium and nuclear energy segment. Similar to other Market Vectors indices, MVNLRTR is built specifically for ETFs. The Index employs constituent weighting caps that aim to help diversify the ETF among names in the global uranium and nuclear energy segment, while extensive liquidity screens are used to enhance the tradability of the ETF. Additionally, to create an index that seeks to be representative of the industry, its rules require that constituents generate at least fifty percent of their revenues from (or, in certain circumstances, have at least fifty percent of their assets related to) uranium and nuclear energy, as defined by the index provider. The constituent names and weights of every Market Vectors index, including MVNLRTR, are provided daily on the Market Vectors Index Solutions website: www.marketvectorsindices.com.
MVNLRTR was developed and is published by Market Vectors Index Solutions GmbH (MVIS), a Germany-based wholly owned subsidiary of Van Eck Associates Corporation. MVIS develops, markets, and licenses Market Vectors branded indexes. Detailed information regarding MVIS is available at www.marketvectorsindices.com.
About Market VectorsMarket 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 totaled $22.6 billion in assets under management, making it the seventh largest ETP family in the U.S. and tenth largest worldwide as of November 30, 2013.
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