NEW YORK, Jan 08, 2008 (BUSINESS WIRE) -- The DAXglobal(R) Nuclear Energy Index (Bloomberg ticker: DXNE) returned -2.58 percent in December and gained 1.07 percent in the year ending December 31, 2007.* +
The Index is comprised of a basket of the securities of 35 companies from around the world that are engaged in various sectors of the nuclear industry including uranium mining, nuclear plant infrastructure, uranium enrichment, uranium storage, nuclear generation, nuclear equipment and nuclear fuel transportation. The Index, launched on July 16, 2007, includes many companies of global prominence including Mitsubishi Heavy Industries, Hitachi and Cameco (representing 7.9%, 1.8% and 8.4% of the Index as of December 31, 2007).
The Market Vectors-Nuclear Energy ETF (Amex: NLR) is an exchange-traded fund that seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Index. NLR generally holds all of the securities that comprise the Index in proportion to their weighting in the Index.
*Past performance does not guarantee future results. The Index's return does not represent the performance of any fund. The Index charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in the Index.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/nlr for the most recent month-end performance of Market Vectors-Nuclear Energy ETF. This information will be available no later than seven business days after the most recent month end.
+About the DAXglobal(R) Nuclear Energy Index
Performance information presented for the Index covering the period prior to July 16, 2007 is based on hypothetical, back-tested data. Prior to July 16, 2007, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.
The Index is intended to give investors an efficient way to track the performance of equity securities of selected companies engaged in the nuclear energy industry. It is calculated using a modified market capitalization weighting methodology. The Index is weighted based on the market capitalization of each of the component stocks, modified to conform to various asset diversification requirements, which are applied in conjunction with the scheduled quarterly adjustments to the Index. The value of the Index is disseminated every 15 seconds between the hours of approximately 9:30 a.m. and 4:15 p.m. Eastern Time. The Index is a total return index.
The DAXglobal(R) Nuclear Energy Index, a trademark of Deutsche Borse AG, is licensed for use by Van Eck Associates Corporation in connection with NLR. Deutsche Borse AG does not sponsor or endorse NLR and makes no warranty or representation as to the accuracy and/or completeness of the Index or results to be obtained by any person from use of the Index in connection with trading NLR.
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.
NLR is subject to risks associated with the stock market, index tracking, sector investing, investing in small- or mid-cap companies, replication management, non-diversified investments, absence of prior active market, trading issues, fluctuation of net asset value and risks of investing in nuclear energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/nlr for a free prospectus. They should consider the investment objective, risks, and charges and expenses of Market Vectors-Nuclear Energy ETF carefully before investing. The prospectus contains this and other information about NLR. Please read the prospectus carefully before investing.
About Deutsche Borse AG
Deutsche Borse Group offers more than a marketplace for trading shares and other securities. It is a transaction services provider with advanced technology to afford companies and investors access to global capital markets.
Deutsche Borse has a broader basis than any of its competitors. Its product and services mix cover the entire process chain: securities and derivatives trading, transaction settlement, provision of market information as well as the development and operation of electronic trading systems. With its process-oriented business model, Deutsche Borse increases capital markets efficiency. Issuers benefit from low capital costs and investors enjoy the advantages of high liquidity and low transaction costs.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues the 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.
Van Eck mutual funds are sold nationwide through retail brokers, financial planners and investment advisors. Designed for investors seeking innovative choices for portfolio diversification, they are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.
Van Eck also offers exchange-traded funds, separate accounts and alternative investments. In addition, it offers the Worldwide Insurance Trust Funds, a series of investment choices within the variable annuity contracts and variable life policies of widely known and highly regarded insurers.
Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, NY 10016
SOURCE: Van Eck Global
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