Referenced Stocks

HAP Changes Name to Coincide with Index Rebranding

By Business Wire,  May 01, 2014, 09:00:00 AM EDT


NEW YORK--(BUSINESS WIRE)-- Effective May 1, 2014, the Market Vectors RVE Hard Assets Producers ETF will change its name to Market Vectors Natural Resources ETF (NYSE Arca:HAP). This follows the rebranding of the Fund's benchmark index from the RogersTM-Van Eck Hard Assets Producers Index to the RogersTM-Van Eck Natural Resources Index. The Index's methodology and underlying constituents remain unchanged while the rebranding effort better aligns the Index with the industry segment it seeks to represent.

The RogersTM-Van Eck Natural Resources Index remains one of the most comprehensive global natural resources equities indices. The Index comprises companies that are principally engaged in the production and distribution of commodities and commodity-related products and services in agriculture, energy, precious metals, base and industrial metals, alternatives, and forest products.

"HAP is a broad-based ETF that can serve as the core of any natural resources investment allocation," said Brandon Rakszawski, Product Manager with Market Vectors ETFs. "Its comprehensive exposure may be attractive to investors seeking long-term access to global companies participating in the commodity segment."

HAP is one of 12 hard assets ETFs in the Market Vectors family, which includes funds focused on specific segments of the hard assets markets such as Agribusiness ETF (MOO), Coal ETF (KOL), Global Alternative Energy ETF ( GEX ), Gold Miners ETF ( GDX ), Junior Gold Miners ETF ( GDXJ ), Oil Services ETF (OIH), Rare Earth/Strategic Metals ETF (REMX), Solar Energy ETF (KWT), Steel ETF (SLX), Unconventional Oil & Gas ETF ( FRAK ) and Uranium+Nuclear Energy ETF (NLR).

About Market Vectors ETFs

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family totaled $23.4 billion in assets under management, as of March 31, 2014, making it one of the largest in the U.S. and worldwide.

Market Vectors ETFs are sponsored 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.

The Market Vectors Natural Resources ETF is subject to various risks including those associated with making investments in companies engaged in producing and distributing hard assets and related products and services, such as commodity price volatility, changes in government policies/regulations and world political and economic developments. Additional risks include competitive pressures, technological advances and/or obsolescence, the depletion of resources, labor relations issues and risks associated with foreign investments.

The RogersTM-Van Eck Natural Resources Index (RVEIT) has been licensed by Van Eck Associates Corporation from S-Network Global Indexes, LLC for use in connection with Market Vectors Natural Resources ETF ( HAP ). HAP is not sponsored, endorsed, sold or promoted by S-Network Global Indexes, LLC, which makes no representation regarding the advisability of investing in HAP. "Jim Rogers," "James Beeland Rogers, Jr.," and "Rogers," are trademarks, service marks and/or registered trademarks of Beeland Interests, Inc. ("Beeland Interests"), which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr. HAP is not sponsored, endorsed, sold or promoted by Beeland Interests, Inc. or James Beeland Rogers, Jr. Neither Beeland Interests nor James Beeland Rogers, Jr. makes any representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this material, or the advisability of investing in securities or commodities generally, or in HAP or in futures particularly.

BEELAND INTERESTS AND ITS AFFILIATES AND VAN ECK AND ITS AFFILIATES SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS, AND MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OWNERS OF HAP, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF RVEI. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL BEELAND INTERESTS OR VAN ECK OR ANY OF THEIR RESPECTIVE AFFILIATES HAVE ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.

Investors cannot invest directly in the Index.

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. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus and summary prospectuscarefully before investing.

Not FDIC Insured — No Bank Guarantee — May Lose Value

Van Eck Securities Corporation, Distributor 335 Madison Avenue, New York, NY 10017

Source: Market Vectors ETFs



This article appears in: News Headlines

Referenced Stocks: FRAK, GDX, GDXJ, GEX, HAP


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