Market Vectors Emerging Markets Local Currency Bond ETF(NYSE Arca: EMLC), has surpassed $1 billion in assets under management, it was announced today. Fran Rodilosso, one of EMLC’s two portfolio managers, believes emerging markets will remain a compelling story. He explains that given “current higher interest rates coupled with lower debt, smaller deficits, growing productivity and central bank willingness to act in a vigilant manner, certain emerging markets have currencies that appear to be in a far better fundamental state than their G7 counterparts.” Ed Lopez, Marketing Director for Market Vectors ETFs, adds, “We have seen continued interest in emerging market local currency bonds, particularly in light of the third round of quantitative easing (QE3) and its potential negative effects on the U.S. dollar. EMLC has been an excellent and cost-efficient way to quickly add broad exposure to this asset class.” When EMLC was brought to market in 2010, it was the first U.S.-listed exchange-traded fund designed to provide investors with exposure to an index that tracks a basket of bonds issued in local currencies by emerging market governments. The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of J.P. Morgan GBI-EMG Core Index. As of October 31, 2012, the Index tracked a selection of bonds issued in local currencies by fifteen emerging market countries: Brazil, Chile, Colombia, Hungary, Indonesia, Malaysia, Mexico, Nigeria, Peru, Philippines, Poland, Russia, South Africa, Thailand and Turkey. Mr. Rodilosso has 20 years of experience trading and managing risk in fixed income investment strategies, including 17 years covering emerging markets. In addition to EMLC, other Market Vectors ETFs under his watch are LatAm Aggregate Bond ETF (NYSE Arca: BONO), Emerging Markets High Yield Bond ETF (NYSE Arca: HYEM), International High Yield Bond ETF (NYSE Arca: IHY), Renminbi Bond ETF (NYSE Arca: CHLC), Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL) and Investment Grade Floating Rate ETF (NYSE Arca: FLTR). More information on EMLC can be found by visiting www.marketvectorsetfs.com/emlc. Van Eck Associates Corporation does not provide tax, legal or accounting advice. Investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service.