Market Vectors Index Solutions GmbH (MVIS) today announced the licensing of the Market Vectors Global Uranium & Nuclear Energy Index (MVNLRTR) to Van Eck Global, the 8 th largest provider of exchange-traded products (ETPs) in the United States. Beginning today the index replaces the previous index benchmark of the Market Vectors Uranium+Nuclear Energy ETF (NYSE Arca: NLR).
“We are pleased to announce that Van Eck Global has selected our Global Uranium and Nuclear Index as the benchmark for its ETF”, said Lars Hamich, Chief Executive Officer at MVIS. “The index tracks the performance of the largest and most liquid companies globally provided that they generate at least 50% of their revenues in the uranium and nuclear energy sector. Being tailor-made to underlie exchange-traded funds the index design focus in particular on liquidity, diversification and pure-play exposure, typical characteristics of all Market Vectors Indices”, added Hamich.
MV Global Uranium & Nuclear Energy Index currently contains 52 components and covers at least 90% of the investable universe. Individual companies in the index are capped at 8%; reviews are performed quarterly.
|Rest of World||10.65%||Financials||0.08%|
|(Opening data 24 March 2014)|