Bringing you live news and features since 2006 

SEC authorises Market Vectors Agribusiness and Nuclear Energy ETFs

RELATED TOPICS​

New York-based investment manager Van Eck Global has announced that the Securities and Exchange Commission has declared effective the registration statement for the Market Vectors-Agribusiness

New York-based investment manager Van Eck Global has announced that the Securities and Exchange Commission has declared effective the registration statement for the Market Vectors-Agribusiness and Market Vectors-Nuclear Energy exchange-traded funds, which are expected to be launched on the American Stock Exchange later this year. Options are expected to be available on both ETFs.

The Market Vectors-Agribusiness ETF will seek to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal Agribusiness Index calculated and maintained by Deutsche Börse.

As of July 27, the index consisted of the stocks of 40 publicly traded companies engaged in agriproduct operations, agricultural chemicals, agricultural equipment, ethanol/biodiesel and livestock operations. Companies in the index generally derive at least 50 per cent of their revenue from agribusiness.

The Market Vectors-Nuclear Energy ETF, billed as the first ETF of its type listed in the US, will seek to replicate the price and yield performance of the DAXglobal Nuclear Energy Index, also calculated and maintained by Deutsche Börse.

On July 27, this consisted of the stocks of 38 publicly traded companies engaged in uranium mining, enrichment and storage, nuclear plant infrastructure, fuel transportation and energy generation, and providing equipment for use in the provision of nuclear energy. Index member companies generally derive at least 50 per cent of their revenue from the nuclear energy industry.

Founded in 1955, Van Eck Global offers global investment in hard assets, emerging markets, gold and other precious metals, and other alternative asset classes. At the end of June, the company managed more than USD5.8bn in assets for individuals, insurers and institutional investors.

The two new ETFs will join five other Van Eck Market Vectors ETFs already in the market covering environmental services, global alternative energy, gold miners, Russia and steel, with a total of more than USD900m in assets under management as of June 30.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by