Van Eck Announces Index Changes For Market Vectors ETFs
Van Eck, the sixth-largest U.S. ETF issuer, announced changes to the indexes used for several of its popular Market Vectors ETFs.
The Market Vectors Brazil Small-Cap Index used for the Market Vectors Brazil Small-Cap ETF (NYSE: BRF) will add three companies and remove two. The ETF is currently home to 73 constituents and has almost $604 million in assets under management.
The index used for the Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) will remove four components but add seven. There are currently 77 holdings in that ETF, which has $2.3 billion in assets under management.
The index for the Market Vectors Rare Earths/Strategic Metals ETF (NYSE: REMX) will make one addition and no deletions while the index used for the Market Vectors Colombia ETF (NYSE: COLX) will make one deletion and no additions.
Two components will be removed from the index tracking the Market Vectors Egypt ETF (NYSE: EGPT) while the index for the Market Vectors India Small-Cap ETF (NYSE: SCIF) will add seven components and delete 11. The indexes for the Market Vectors Indonesia ETF (NYSE: IDX) and the Market Vectors Russia ETF (NYSE: RSX) will not see changes.
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