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”, 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.
Market
Vectors Global Uranium & Nuclear Energy Index
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%)
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Country Breakdown
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Sector Breakdown
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United States
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60.41%
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Utilities
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68.64%
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Japan
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22.42%
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Industrials
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20.68%
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France
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3.61%
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Information Technology
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7.25%
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UK
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2.91%
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Energy
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3.35%
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Rest of World
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10.65%
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Financials
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0.08%
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(Opening data 24 March 2014)
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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).
Copyright Business Wire 2014