Market Vectors Exchange-Traded Funds Now Trading in Chilean Pesos

NUEVA YORK NEW YORK--()--Market Vectors ETFs, one of the largest providers of exchange-traded products (ETPs) in the U.S. and worldwide, announced today that the Market Vectors exchange-traded funds (ETFs) cross-listed on the Santiago Stock Exchange, currently totaling 27 ETFs, are now trading in Chilean pesos. Prior to December 7, 2015, the ETFs traded in U.S. dollars. The commencement of trading in pesos is a significant development as it reduces currency risk for local investors.

In total, Market Vectors currently offers 66 ETFs worldwide. The Market Vectors ETFs cross-listed on the Santiago Stock Exchange are:

                 
ETF Name               Ticker
Market Vectors Agribusiness ETF              

MOO

Market Vectors Biotech ETF              

BBH

Market Vectors Brazil Small-Cap ETF              

BRF

Market Vectors ChinaAMC A-Share ETF              

PEK

Market Vectors Coal ETF              

KOL

Market Vectors Egypt Index ETF              

EGPT

Market Vectors Emerging Markets Aggregate Bond ETF              

EMAG

Market Vectors Global Alternative Energy ETF              

GEX

Market Vectors Gold Miners ETF              

GDX

Market Vectors India Small-Cap Index ETF              

SCIF

Market Vectors Indonesia Index ETF              

IDX

Market Vectors J.P Morgan EM Local Currency Bond ETF              

EMLC

Market Vectors Junior Gold Miners ETF              

GDXJ

Market Vectors Morningstar Wide Moat ETF              

MOAT

Market Vectors Natural Resources ETF              

HAP

Market Vectors Oil Services ETF              

OIH

Market Vectors Pharmaceutical ETF              

PPH

Market Vectors Poland ETF              

PLND

Market Vectors Rare Earth/Strategic Metals ETF              

REMX

Market Vectors Retail ETF              

RTH

Market Vectors Russia ETF              

RSX

Market Vectors Russia Small-Cap ETF              

RSXJ

Market Vectors Semiconductor ETF              

SMH

Market Vectors Steel ETF              

SLX

Market Vectors Unconventional Oil & Gas ETF              

FRAK

Market Vectors Uranium+Nuclear Energy ETF              

NLR

Market Vectors Vietnam ETF              

VNM

             

About Market Vectors ETFs

Market Vectors ETFs are distributed by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and manages approximately $27.0 billion in investor assets as of October 31, 2015.

Investments concentrated in one sector may be subject to more volatility than investments in a diverse group of sectors and are subject to the risks associated with the sector. Additionally, the Funds are subject to changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations and other risks inherent to international investing. The Funds are considered non-diversified and may be subject to greater risks than a diversified fund. Investors should be willing to accept a high degree of volatility and the potential of significant loss. See the Funds’ prospectuses for more complete information regarding investment risks.

This document does not constitute an offering or invitation to invest or acquire financial instruments. The use of this material is for general information purposes.

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. Shares may trade at a premium or discount to their NAV in the secondary market.

Investing involves risk, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit our web site at marketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York, NY 10017

Contacts

Press Contact:
MacMillan Communications
Mike MacMillan/Chris Sullivan
212 473 4442
chris@macmillancom.com
or
Business Contact:
Market Vectors ETFs
Eduardo Escario, Regional Director
+34 (91) 320 00 47
eduardo.escario@vaneck.com

Release Summary

Market Vectors ETFs has announced that their ETFs cross-listed with the Santiago Stock Exchange are now trading in Chilean pesos.

Contacts

Press Contact:
MacMillan Communications
Mike MacMillan/Chris Sullivan
212 473 4442
chris@macmillancom.com
or
Business Contact:
Market Vectors ETFs
Eduardo Escario, Regional Director
+34 (91) 320 00 47
eduardo.escario@vaneck.com