Market Vectors Index Solutions has licensed the Market Vectors Global Coal Index and Market Vectors Global Gaming Index to Van Eck Global, the fifth largest provider of exchange traded products in the US and the eighth largest globally.
The indices are underlying the Market Vectors Global Coal ETF (NYSE Arca: KOL) and the Market Vectors Global Gaming ETF (NYSE Arca: BJK) which began tracking the indices on 24 September 2012.
“We are pleased to have licensed another Sector and Hard Assets index to Van Eck,” says Lars Hamich, Chief Executive Officer at MVIS. “Market Vectors Global Coal Index and Market Vectors Global Gaming Index provide the basis for pure-play ETF exposure because the indices are entirely comprised of companies that generate at least 50% of their revenues from the global coal or global gaming segment. Moreover, we are convinced that our indices are in particular suited to underlie ETFs because we have the most stringent liquidity rules amongst index providers which makes the indices highly investable.”