Market Vectors Index Solutions (MVIS) has licensed six of its Market Vectors Indices to Van Eck Associates Corporation — a leading provider of exchange-traded funds (ETFs) in the United States.
The following indices serve as the basis for recently launched ETFs:
Market Vectors US Listed Bank and Brokerage 25 Index (MVRKH)
Market Vectors US Listed Biotech 25 Index (MVBBH)
Market Vectors US Listed Oil Services 25 Index (MVOIH)
Market Vectors US Listed Pharmaceutical 25 Index (MVPPH)
Market Vectors US Listed Retail 25 Index (MVRTH)
Market Vectors US Listed Semiconductor 25 Index (MVSMH)
"We are delighted to provide the underlying indices for six new Market Vectors ETFs," says Lars Hamich (pictured), Chief Executive Officer at MVIS. "We believe our pure-play blue chip like sector indices are particularly well-suited to underlie ETFs as their methodology focuses on tradability. The 25 companies of the target sector which have the highest combined score in size and trading volume qualify for the index. They also have to be pure-play, which means that index components have to generate at least 50 per cent of their revenues in the target sector. The combination of size and volume as well as the pure-play approach provides a unique exposure to US-listed sector companies."
