News Releases

 
Van Eck Global Begins the Transfer of NYSE-Listed ETFs to NYSE Arca
NEW YORK  , Nov. 28, 2007 –NYSE Euronext (NYSE Euronext: NYX) today announced that Van Eck Global will transfer its NYSE-listed exchange traded funds (ETFs) to the NYSE Arca trading platform.

The ETFs scheduled to migrate as of the opening of trading on Friday, December 14, 2007 are:
Market Vectors-Russia ETF (RSX)
Market Vectors-Global Alternative Energy ETF (GEX)

NYSE Arca’s all-electronic platform is the single largest public liquidity pool for ETFs in the U.S. andpresents a compelling value proposition for all market participants.  In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the U.S. , representing an average daily trading volume of approximately 231.96 million shares per day.

All four existing NYSE ETF specialist firms are already acting as LMMs in primary listings on NYSE Arca and will continue to provide value for investors and issuers while ensuring liquidity and reducing volatility.   NYSE Group believes that offering a single, harmonized platform for listing and trading ETFs will further improve efficiencies and market quality. 

About Market Vectors-Russia ETF (RSX)
The Market Vectors–Russia ETF’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Russia+ Index (Bloomberg ticker: DXRPUS).

DXRPUS is a modified market-capitalization weighted index comprised of publicly traded companies domiciled in Russia . The Index includes common stocks and depository receipts of selected companies in Russia that are listed for trading on global exchanges.

About Market Vectors-Global Alternative Energy ETF (GEX)
The Market Vectors–Global Alternative Energy ETF’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid) (Ticker: AGIXLT).

AGIXLT is a rules based, global capitalization-weighted, float adjusted index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry. 

About Van Eck Global
Van Eck Associates Corporation is the investment adviser for the Market Vectors-Russia ETF and Global Alternative Energy ETF.

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 its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.

Van Eck Global’s investment products are 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. 

About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.    NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.  Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

Market Vectors-Russia ETF and Market Vectors-Global Alternative Energy ETF are 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 Russian investmentsand/or alternative energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.

The DAXglobal® Russia+ Index, a trademark of Deutsche Börse AG, is licensed for use by Van Eck Associates Corporation in connection with the Market Vectors-Russia ETF. The Fund is not sponsored or endorsed by Deutsche Börse AG and the Deutsche Börse AG 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 of the Fund.

“Ardour Global IndexesSM, LLC”, “ARDOUR GLOBAL INDEXSM” (Composite), ARDOUR COMPOSITESM”, “ARDOUR GLOBAL INDEXSM (Extra Liquid)”, “ARDOUR GLOBAL ALTERNATIVE ENERGY INDEXESSM”, and “ARDOUR FAMILYSM”, are service marks of Ardour Global IndexesSM, LLC and have been licensed for use by Van Eck Associates Corporation. Market Vectors-Global Alternative Energy ETF is not sponsored, endorsed, sold or promoted by Ardour Global IndexesSM, LLC and Ardour Global IndexesSM, LLC makes no representation regarding the advisability of investing in Market Vectors-Global Alternative Energy ETF.

Dow Jones Indexes calculates The Ardour Global IndexSM (Extra Liquid).  It does not sponsor, endorse, sell or promote Van Eck’s Market Vectors-Global Alternative Energy ETF which is based on the Ardour Global IndexSM (Extra Liquid), and it makes no representation regarding the advisability of investing in such product(s).

Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/etffor a free prospectus or for the performance information current to the most recent month end for each Market Vectors ETF.   Investors should consider the investment objective, risks and charges and expenses carefully before investing.  The prospectus contains this and other information about each Market Vectors ETF.  Please read the prospectus carefully before investing. There are risks associated with investing including the possible loss of principal. 

Although Fund shares may be bought and sold in the secondary market through any brokerage account, Fund shares are not individually redeemable from the Funds. Investors may acquire Fund shares and tender them for redemption through the Funds only in large, specified blocks of shares.

Van Eck Securities Corporation, Distributor, 99 Park Avenue , New York , NY 10016

 



Contact: Stephanie Scotto
Phone: 212.656.4896
Email:  sscotto@nyse.com