Market Vectors China ETF Adds Ability To Enter Into Sub-Advisory Arrangements

Market Vectors China ETF (NYSE Arca: PEK) now has the ability to enter into sub-advisory agreements with the approval of the Fund’s Board of Trustees, it was announced today.

At a Special Meeting of the shareholders of the Fund on July 31, 2012, the shareholders approved reliance upon an order from the Securities and Exchange Commission exempting the Market Vectors ETF Trust and Van Eck Associates Corporation, the Fund’s Adviser, (the “Adviser”) from certain provisions of the Investment Company Act of 1940, as amended and rules thereunder that would permit the Adviser to enter into new sub-advisory agreements with unaffiliated sub-advisers with the approval of the Board of Trustees, but without the approval of shareholders.

“We’re very pleased that PEK now has the option of entering into sub-advisory arrangements with unaffiliated managers,” said Adam Phillips, Chief Operating Officer at Market Vectors. “This option provides the Fund another investment tool to replicate the returns of the CSI 300 Index.”

PEK seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the CSI 300 Index (CSIR0300), a diversified index that consists of 300 A-Share stocks listed on the Shenzen or Shanghai Stock Exchange. PEK does not invest directly in A-Shares; rather it invests in swaps and other types of derivative instruments that have economic characteristics substantially identical to those of China A-Share stocks.

PEK was launched on October 13, 2010, and has a gross and net expense ratio of 1.71 and 0.72 percent respectively.*

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 fifth largest ETF family in the U.S. and the eighth largest worldwide as of June 30, 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 manages approximately $32.0 billion in investor assets as of June 30, 2012.

Disclosures

*Expenses are capped contractually until 5/1/2013. Cap excludes certain expenses, such as interest.

CSI 300 Index and its logo are service marks of China Securities Index Co., Ltd. (“CSI”) and have been licensed for use by Van Eck Associates Corporation. The Market Vectors China ETF is not sponsored, endorsed, sold or promoted by CSI and CSI makes no representation regarding the advisability of investing in the Market Vectors China ETF.

Investments in the Fund are subject to elevated risks, including those associated with investments in foreign securities, in particular China issuers, which include, among others, expropriation, confiscatory taxation, political instability, armed conflict and social instability. In addition, companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. 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. See the Fund’s prospectus and summary prospectus for more complete information regarding investment risks.

The Fund will also invest in swaps on the CSI Index or on securities comprising the CSI Index. The Fund may also invest in swaps and derivatives on other funds that track the CSI Index or invest directly in the shares of such funds. The use of swap and derivatives entails certain risks, which may be different from, and possibly greater than, the risks associated with investing directly in the underlying asset for the swap agreement. These risks include limited availability of swaps, counterparty risk, liquidity risk, risks of A-shares and the QFII system, tax risk, currency risk, risk of investing in other funds, market risk, and index tracking risk. Investors should be willing to accept a high degree of volatility and the potential of significant loss. Please refer to the prospectus for more complete information on the risks of investing in the Fund.

Fund shares are not individually redeemable and will be issued and redeemed at their 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.

Net asset value (NAV) per share is calculated by subtracting total liabilities from the total assets, then dividing by the number of shares outstanding. Share price is the last price at which shares were traded on the Fund’s primary listing exchange. 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 the investment objective, risks, and charges and expenses of the investment carefully before investing. To obtain a summary prospectus and prospectus, which contain this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the summary prospectus and prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017

Copyright Business Wire 2010

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