NEW YORK , August 14, 2009 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Market Vectors Vietnam ETF (Ticker: VNM). The ETF is sponsored by Van Eck Associates Corporation.
Van Eck Associates Corporation Lists Market Vectors Vietnam ETF on NYSE Arca
The Fund’s investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index (MNVNM). MNVNM is a rules-based, modified capitalization weighted, float adjusted index intended to give investors exposure to Vietnam .
Currently, approximately 70% of the market capitalization of the Vietnam Index is composed of securities of companies domiciled and primarily listed on an exchange in Vietnam and which generate at least 50% of revenues from Vietnam ..This percentage is expected to increase in the future. The Index may also include non-Vietnamese companies that generate, or are expected to generate, at least 50% of their revenues from Vietnam , or that demonstrate a significant and/or dominant position in the Vietnamese market and are expected to grow. The Offshore component of the Index is currently approximately 30%. MNVNM comprises a broad representation of Vietnam ’s equity market with 28 companies in 8 sectors as of July 31, 2009. The Index’s top sectors include Financials (37% of the Index), Energy (19%) and Materials (12%).
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 682 primary ETF and 46 primary ETV listings. Additionally, NYSE Arca lists 84 ETNs, 216 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 417 primary ETFs, 73 ETV listings, 4 ETN and lists a total of 11,232 Warrants and Certificates as of the end of May 2009.
About Van Eck Associates Corporation
For over half a century, Van Eck Global has been on the forefront of bringing innovative investment solutions to the marketplace. Well-known for its expertise in alternative markets, Van Eck offers a series of focused exchange-traded funds and notes under the Market Vectors brand. Market Vectors ETFs and ETNs allow individual investors and financial professionals to fine tune their asset allocation strategies with exposure to targeted sectors, regions and countries.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.