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Market Vectors to split shares of Indonesia Index ETF three for one

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The Board of Trustees of Van Eck’s 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 USD82.04.

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 US 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 capitalisation 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 | PowerRating), China (PEK), Egypt (EGPT), Gulf States (MES), Poland (PLND), Russia ( RSX | PowerRating) and Vietnam ( VNM | PowerRating); as well as small-cap companies in Brazil ( BRF | PowerRating), India (SCIF) and Latin America (LATM).

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