Market Vectors - Nuclear Energy ETF Remains Pure Play Leader
16 Abril 2008 - 11:26AM
Business Wire
As it enters its ninth month of operation, the Market Vectors -
Nuclear Energy ETF (Amex: NLR) continues as the nation�s sole ETF
offering pure play exposure to the global nuclear energy industry.
NLR provides investors with a convenient, low-cost way to gain
diversified exposure to the industry that currently supplies 16% of
the world�s electricity and has the potential to double in size by
2030. Launched on August 15, 2007, NLR was the first nuclear energy
ETF listed in the U.S. and seeks to replicate as closely as
possible, before fees and expenses, the price and yield performance
of the DAXglobal� Nuclear Energy Index (DXNE).� DXNE generally
includes only those companies that derive at least 50% of their
current or prospective revenues from the nuclear energy industry.
This makes NLR potentially attractive to investors seeking to gain
targeted exposure to the global nuclear energy industry. DXNE is
currently comprised of a basket of securities of 38 companies from
around the world that are engaged in nuclear plant infrastructure,
uranium mining, uranium enrichment, uranium storage, nuclear
generation, nuclear equipment and nuclear fuel transportation. The
index includes many companies of global prominence, including
Areva, Mitsubishi Heavy Industries, Hitachi and Cameco. NLR had
assets under management of $160 million as of March 31, 2008. Its
total net expense ratio is 0.65%. �About the DAXglobal� Nuclear
Energy Index The Index is intended to give investors an efficient
way to track the performance of equity securities of selected
companies engaged in the nuclear energy industry. It is calculated
using a modified market capitalization weighting methodology. The
Index is weighted based on the market capitalization of each of the
component stocks, modified to conform to various asset
diversification requirements, which are applied in conjunction with
the scheduled quarterly adjustments to the Index. The value of the
Index is disseminated every 15 seconds between the hours of
approximately 9:30 a.m. and 4:15 p.m. Eastern Time. The Index is a
total return index. The DAXglobal� Nuclear Energy Index, a
trademark of Deutsche B�rse AG, is licensed for use by Van Eck
Associates Corporation in connection with NLR. Deutsche B�rse AG
does not sponsor or endorse NLR and makes no warranty or
representation as to the accuracy and/or completeness of the Index
or results to be obtained by any person from use of the Index in
connection with trading NLR. About Deutsche B�rse AG Deutsche B�rse
Group offers more than a marketplace for trading shares and other
securities. It is a transaction services provider with advanced
technology to afford companies and investors access to global
capital markets. Deutsche B�rse has a broader basis than any of its
competitors. Its product and services mix cover the entire process
chain: securities and derivatives trading, transaction settlement,
provision of market information as well as the development and
operation of electronic trading systems. With its process-oriented
business model, Deutsche B�rse increases capital markets
efficiency. Issuers benefit from low capital costs and investors
enjoy the advantages of high liquidity and low transaction costs.
About Van Eck Global Founded in 1955, Van Eck Associates
Corporation was among the first U.S. money managers helping
investors achieve greater diversification through global investing.
Today, the firm continues the 50+ year tradition by offering global
investment choices in hard assets, emerging markets, precious
metals including gold, and other specialized asset classes. Van Eck
also offers a number of mutual funds. Van Eck�s mutual funds are
sold nationwide through retail brokers, financial planners and
investment advisors. Designed for investors seeking innovative
choices for portfolio diversification, they are often categorized
in asset classes having returns with low correlations to those of
more traditional U.S. equity and fixed income investments. Van Eck
also offers exchange-traded funds, separate accounts and
alternative investments. In addition, it offers the Worldwide
Insurance Trust Funds, a series of investment choices within the
variable annuity contracts and variable life policies of widely
known and highly regarded insurers. NLR is subject to risks
associated with the stock market, index tracking, sector investing,
investing in small- or mid-cap companies, replication management,
non-diversified investments, absence of prior active market,
trading issues, fluctuation of net asset value and risks of
investing in nuclear energy investments. Because of their narrow
focus, sector investments tend to be more volatile than investments
that diversify across many sectors and companies. Fund shares are
not individually redeemable and will be issued and redeemed at
their NAV only through certain authorized broker-dealers in large,
specified blocks of shares called �creation units� and otherwise
can be bought and sold only through exchange trading. Creation
units are issued and redeemed principally in kind. Investors may
call 1.888.MKT.VCTR or visit www.vaneck.com/nlr for a free
prospectus. They should consider the investment objective, risks,
and charges and expenses of Market Vectors-Nuclear Energy ETF
carefully before investing. The prospectus contains this and other
information about NLR. Please read the prospectus carefully before
investing. Please call 1.888.MKT.VCTR or visit www.vaneck.com/nlr
for the most recent month-end performance of Market Vectors-Nuclear
Energy ETF. This information will be available no later than seven
business days after the most recent month end. Van Eck Securities
Corporation, Distributor, 99 Park Avenue, New York, NY 10016
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