Market Vectors Global Uranium & Nuclear Energy Index Licensed To Van Eck Global
Market Vectors Index Solutions GmbH (MVIS) today announced the licensing of the Market Vectors Global Uranium & Nuclear Energy Index (MVNLRTR) to Van Eck Global, the 8th largest provider of exchange-traded products (ETPs) in the United States. Beginning today the index replaces the previous index benchmark of the Market Vectors Uranium+Nuclear Energy ETF (NYSE Arca: NLR).
“We are pleased to announce that Van Eck Global has selected our Global Uranium and Nuclear Index as the benchmark for its ETF”
“We are pleased to announce that Van Eck Global has selected our Global Uranium and Nuclear Index as the benchmark for its ETF”, said Lars Hamich, Chief Executive Officer at MVIS. “The index tracks the performance of the largest and most liquid companies globally provided that they generate at least 50% of their revenues in the uranium and nuclear energy sector. Being tailor-made to underlie exchange-traded funds the index design focus in particular on liquidity, diversification and pure-play exposure, typical characteristics of all Market Vectors Indices”, added Hamich.
MV Global Uranium & Nuclear Energy Index currently contains 52 components and covers at least 90% of the investable universe. Individual companies in the index are capped at 8%; reviews are performed quarterly.
Full Market Capitalisation (bn USD): 678.12
Number of Components: 52
Base Date/Base Value: 29.12.2006/1000
Top 5 Companies by Weighting: Duke Energy (7.98%), Nextera Energy (7.30%), Hitachi (7.25%), The Southern Company (6.65%), Dominion Resources (6.19%)
|Country Breakdown||Sector Breakdown|
|Rest of World||10.65%||Financials||0.08%|
|(Opening data 24 March 2014)|
Detailed information about Market Vectors Uranium & Nuclear Energy Index and all other Market Vectors Hard Assets Indices, including methodology details and comprehensive data is available on www.marketvectorsindices.com.
Note to Editors:
About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products.
Approximately USD 11.7 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates Corporation (also known as Van Eck Global).