The Market Vectors
(NYSEArca: RSX) will be undergoing and index change. RSX will begin
tracking a different index called the Market Vectors Russia Index
MVRSX reflects the performance of the largest, most liquid
publicly traded companies in Russia. Since its inception on July
14, 2010, the total return performance of the Market Vectors Russia
Index is almost identical to that of the index it is replacing
(-6.62%% for MVRSX versus -6.82% for the DAXglobal Russia+
'We don't view this as a major change' said Jan van Eck,
President of Market Vectors
Trust. 'RSX will continue to provide investors with a Russia
focused ETF but will now include expanded exposure to Russia.'
The Market Vectors Index Methodology employs a pure-play
approach that expands upon locally listed companies to include
offshore companies that generate at least 50 percent of their
revenues in Russia. A similar approach is shared by the benchmark
indices of several other Market Vector ETFs, including the Brazil
Small-Cap (NYSEArca: BRF), Colombia (NYSEArca: COLX), Indonesia
(NYSEArca: IDX), Poland (NYSEArca: PLND) and Vietnam (NYSEArca:
According to its selection process, MVRSX is permitted to own
American and global depository receipts of Russian companies. These
securities can provide better exposure than their locally domiciled
and listed counterparts as a result of their higher trading volumes
and superior liquidity. It provides at least 90 percent coverage of
the investable universe based on size and liquidity screens.
MVRSX was developed, and is owned and maintained by Market
Vectors Index Solutions (
) GmbH, a Germany-based company. MVIS develops, markets and
licenses Market Vectors Indices, which currently underlie 21 Market
Vectors exchange-traded funds.
Effective on or about March 16, 2012, RSX willbegin tracking the
The Van Eck Market Vector ETFs have around $23.6 billion in
assets and are the sixth largest ETF provider in the U.S.