NYSE Stocks
Transfer of NYSE-Listed ETFs
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Dec 7, 2007 - 3:57:40 PM

Transfer of NYSE-Listed ETFs

It was announced that Van Eck Global will transfer its NYSE-listed exchange traded funds (ETFs) to the NYSE Arca trading platform. The ETFs scheduled to migrate as of the opening of trading on Friday, December 14, 2007 are:
Market Vectors-Russia ETF (RSX)
Market Vectors-Global Alternative Energy ETF (GEX)

NYSE Arca’s all-electronic platform is the single largest public liquidity pool for ETFs in the  U.S. and presents a compelling value proposition for all market participants.  In the first half of 2007, NYSE Arca handled 43% of all ETF shares traded in the U.S. representing an average daily trading volume of approximately 231.96 million shares per day.

All four existing NYSE ETF specialist firms are already acting as LMMs in primary listings on NYSE Arca and will continue to provide value for investors and issuers while ensuring liquidity and reducing volatility.   NYSE Group believes that offering a single, harmonized platform for listing and trading ETFs will further improve efficiencies and market quality. 

About Market Vectors-Russia ETF (RSX)
The Market Vectors–Russia ETF’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Russia+ Index (Bloomberg ticker: DXRPUS).

DXRPUS is a modified market-capitalization weighted index comprised of publicly traded companies domiciled in Russia . The Index includes common stocks and depository receipts of selected companies in Russia that are listed for trading on global exchanges.

About Market Vectors-Global Alternative Energy ETF (GEX)
The Market Vectors–Global Alternative Energy ETF’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid) (Ticker: AGIXLT).

AGIXLT is a rules based, global capitalization-weighted, float adjusted index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry. 

About Van Eck Global
Van Eck Associates Corporation is the investment adviser for the Market Vectors-Russia ETF and Global Alternative Energy ETF.

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 its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes.

Van Eck Global’s investment products are 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.