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Van Eck Global cross-lists UCITS ETFs on BATS Chi-X Europe


Van Eck Global Investments, the Irish Management Company of the Market Vectors UCITS ETFs, has listed the Market Vectors Gold Miners UCITS ETF and Market Vectors Junior Gold Miners UCITS ETF on the regulated market of BATS Chi-X Europe. 

Both Market Vectors UCITS ETFs will trade in British Pound and US Dollar. 

The Market Vectors Gold Miners and Junior Gold Miners UCITS ETFs were introduced on 15 April 2015 with a primary listing on the London Stock Exchange and have been cross-listed on Deutsche Börse XETRA on 27 May, 2015. A further cross-listing in Switzerland (SIX-Swiss Exchange) is in preparation. The ETFs are currently registered for public distribution in the United Kingdom, Finland, Germany, Ireland, Norway, Sweden, the Netherlands and Spain.
Mirroring the strategy of their successful US listed counterparts, which are the largest gold mining ETFs worldwide, the two pure-play ETFs invest in global gold mining stocks. Only six weeks after its listing on the LSE, the Market Vectors Gold Miners UCITS ETFs has become the third largest Gold Mining ETF in Europe by assets under management*. 

“We are pleased to cross list our UCITS ETFs on BATS Chi-X,” says Lars Hamich, CEO of Van Eck Global (Europe). “This step complements our primary listing on the London Stock Exchange. We are now pleased to offer our clients not only the choice between trading platforms but also between different currencies – British Pound and US Dollar.”

“We are pleased to partner with Van Eck, an innovative global leader in the ETF industry, to bring their two new funds to market. Our pan-European listings capability allows investors from across Europe to access a single and deep market for ETFs. In parallel we are launching highly competitive pricing promotion to help incentivise ETF price formation. These are all part of our wider aim to be the leading venue globally in the listing and trading of ETFs, and we are looking forward to helping Van Eck’s funds flourish,” says Mark Hemsley, CEO, BATS CHI-X Europe. 

The Market Vectors Gold Miners UCITS ETF tracks the performance of the NYSE Arca Gold Miners Index (GDMNTR) and provides access to a comprehensive global portfolio of large-, mid- and small-capitalisation companies. Market Vectors Junior Gold Miners UCITS ETF is benchmarked to the Market Vectors Global Junior Gold Miners Index (MVGDXJTR). The index reflects the performance of the global spectrum of micro-, small- and medium-capitalisation or so-called junior mining companies.    

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