Van Eck Global announced today that the Board of Trustees of the Market Vectors ETF Trust has approved a three-for-one split of the shares of Market Vectors Indonesia Index ETF (ticker: IDX). IDX’s closing price on Friday, January 14, was $82.04. This split will take place for shareholders of record as of the close of business on January 28, 2011, and will be payable on January 31, 2011. Fund shares will begin trading on a split-adjusted basis on February 1, 2011. Shareholders will see the change in their holdings sometime after that date, depending upon their brokerage firms’ procedures. The split will lower the share price of the Fund by increasing the number of shares outstanding, but will not change the total value of shares outstanding. The expected primary benefit of this action is that lower share prices will make the Fund more accessible to investors. Van Eck Global anticipates that the split may also create greater liquidity for the Fund and, by extension, facilitate tighter bid-ask spreads. Market Vectors Indonesia Index ETF, the largest U.S. ETF focused exclusively on Indonesia, offers investors convenient one-trade access to a basket of many of the largest and most liquid stocks in Indonesia’s investable universe. The Fund’s coverage of Indonesia is comprehensive, as it includes publicly traded companies deriving at least 50% of their revenues in the country, even if listed, domiciled or headquartered elsewhere. Fund constituents and weights are updated and published daily, and are accessible for free. Weights are capped at 8% and each constituent must meet minimum requirements for market capitalization and daily trading volume. Van Eck Global is the sixth largest provider of ETFs in the United States in terms of assets under management as of December 31, 2010 and offers 29 ETFs under the Market Vectors ETF brand. These funds focus on hard assets, international markets, municipal bonds and other fixed income investment categories.
IDX is one of 11 country- or region-focused ETFs in Van Eck Global’s Market Vectors family, which also includes funds focused on companies headquartered or generating majority of revenues in Africa (AFK), China (PEK), Egypt (EGPT), Gulf States (MES), Poland (PLND), Russia (RSX) and Vietnam (VNM); as well as small-cap companies in Brazil (BRF), India (SCIF) and Latin America (LATM).About Van Eck Global Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues that 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation’s first gold-mining ETF. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, municipal bonds and currency markets. Van Eck Global also offers mutual funds, insurance trust funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global’s investment products are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments. Market Vectors Indonesia Index ETF is subject to elevated risks, including those associated with investments in foreign securities, in particular Indonesian issuers, which include, among others, expropriation, confiscatory taxation, political instability, armed conflict and social instability. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. The Market Vectors Indonesia Index (the “Index”) is the exclusive property of 4asset-management GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards 4asset-management GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties. The Fund is not sponsored, endorsed, sold or promoted by 4asset-management GmbH and 4asset-management GmbH makes no representation regarding the advisability of investing in the Fund.
Fund shares are not individually redeemable and will be issued and redeemed at their net asset value (“NAV”) only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf . Please read the prospectus and summary prospectus carefully before investing. Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017