Van Eck Associates Corp. plans to add five exchange-traded funds to its Market Vectors ETF Trust series, Dow Jones Newswires reports.
Market Vectors-Africa ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Africa Index, according to a Securities and Exchange Commission filing from last week.
The Africa Index is comprised of companies with market capitalizations of more than $200 million. The companies in the index are headquartered in Africa or generate the majority of their revenue in Africa.
Market Vectors-Emerging Europe ETF seeks to replicate the price and yield performance of the Emerging Europe & Commonwealth of Independent States (ex. Russia), or EE & CIS, Index. The index comprised of companies with market capitalizations
greater than $100 million.
Countries in the index include Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Ukraine and Uzbekistan; Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia; Albania, Croatia, Macedonia, Serbia, Bosnia and Herzegovina, and Montenegro.
Market Vectors-Global Frontier ETF seeks to replicate the price and yield performance of the Global Frontier Index, which comprises companies with market capitalizations greater than $100 million.
Market Vectors-Gulf States ETF seeks to replicate the price and yield performance of the Gulf Corporation Council, or GCC, Index, which is comprised of companies with market capitalizations greater than $100 million.
Market Vectors-Vietnam ETF seeks to replicate the price and yield performance of the Vietnam Index, which is comprised of companies with market capitalizations greater than $200 million.
The companies in the index are either headquartered in Vietnam or generate a majority of their revenue in Vietnam.