Market Vectors ETFs has added another NYSE Arca-traded exchange traded fund to the growing list of depository receipts based on Market Vectors ETFs currently available to Qualified Investors in Mexico.
Deutsche Securities Casa de Bolsa in Mexico will act as local sponsor and filing agent for depository receipts on the following ETF the Market Vectors Unconventional Oil & Gas ETF (Ticker: FRAK).
FRAK, the Market Vectors ETF underlying such depository receipts, seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of a corresponding rules-based index – The Market Vectors Global Unconventional Oil & Gas Index (MVFRAKTR). Thisrules-based index is intended to track the overall performance of the unconventional oil and gas segment, defined as: coalbed methane (CBM), coal seam gas (CSG), shale oil, shale gas, tight natural gas, tight oil and tight sands.
