Market Vectors Changing Index of Its Russia ETF (RSX)

NEW YORK--(BUSINESS WIRE)--

Effective on or about March 16, 2012, Market Vectors Russia ETF (NYSE Arca: RSX) will begin tracking a new benchmark, the Market Vectors Russia Index MVRSX. MVRSX employs the Market Vectors Index Methodology that focuses on investability. This methodology is shared by the benchmark indices of several other Market Vector ETFs, among which are Brazil Small-Cap (BRF), Colombia (COLX), Indonesia (IDX), Poland (PLND) and Vietnam (VNM).

“We don't view this as a major change” said Jan van Eck, President of Market Vectors ETF Trust. “RSX will continue to provide investors with a Russia focused ETF but will now include expanded exposure to Russia.”

MVRSX reflects the performance of the largest, most liquid companies doing business 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+ Index).

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. The Index can include 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.

“We expect that the investability characteristics of the Market Vectors Russia Index should allow RSX to maintain its relatively low tracking error,” said Adam Phillips, Managing Director at Market Vectors ETF Trust.

MVRSX was developed, and is owned and maintained by Market Vectors Index Solutions (MVIS) GmbH, a Germany-based company. MVIS develops, markets and licenses Market Vectors Indices, which currently underlie 21 Market Vectors exchange-traded funds. Detailed information regarding MVIS is available at www.marketvectorsindices.com.

About Market Vectors

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 currently totals $23.6 billion in assets under management, making it the sixth largest ETF family in the U.S. and the eighth largest worldwide as of December 31, 2011.

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 $32.7 billion in investor assets as of December 31, 2011.

Disclosures

Market Vectors Russia ETF is subject to various risks including those associated with making investments in Russian companies such as the absence of developed legal structures, national policies, expropriation, potentially greater price volatility in, significantly smaller capitalization of, and relative illiquidity of the Russian market. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

The Market Vectors Russia Index (the “Index”) is the exclusive property of Market Vectors Index Solutions GmbH (a wholly owned subsidiary of Van Eck Associates Corporation), which has contracted with Structured Solutions AG to maintain and calculate the Index. Structured Solutions AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards Market Vectors Index Solutions GmbH, Structured Solutions AG has no obligation to point out errors in the Index to third parties. Market Vectors Russia ETF (the “Fund”) is not sponsored, endorsed, sold or promoted by Market Vectors Index Solutions GmbH and Market Vectors Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

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. An investor should consider the investment objective, risks, and charges and expenses of the investment carefully before investing. To obtain a summary prospectus and prospectus, which contain this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the summary prospectus and prospectus carefully before investing.

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