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Market Vectors Global Junior Gold Miners Index licensed to ProShares


Market Vectors Index Solutions has licensed the Market Vectors Global Junior Gold Miners Index (MVGDXJ) to exchange traded fund (ETF) provider ProShares. 

The index will be tracked by the ProShares UltraShort Junior Miners ETF (GDJS) and the ProShares Ultra Junior Miners ETF (GDJJ) which are listed on the New York Stock Exchange Arca.

The Market Vectors Global Junior Gold Miners Index tracks the performance of the most liquid small-cap companies in the global gold and silver mining industry. The pure play index methodology requires that companies generate at least 50 percent of their revenues from gold or silver mining. The modified market capitalisation-weighted index is reviewed quarterly.

Market Vectors Global Junior Gold Miners Index underlies various ETFs with currently USD 2.2 billion in assets under management.

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