FRANKFURT, Germany--(BUSINESS WIRE)--Market Vectors Index Solutions (MVIS) today introduced the Market Vectors Unconventional Oil & Gas Index (MVFRAK), the Market Vectors Nigeria-Focused Western Africa Index (MVLGOS) and the Market Vectors Indonesia Small-Cap Index (MVIDXJ). The indices are the latest additions to MVIS’s index selection and expands the coverage of the company’s emerging markets, small-cap and commodity indices. The indices are in line with MVIS’s strategy to focus on selected markets, asset classes and special segments, some of them traditionally difficult-to-access markets and sectors.
“The new Market Vectors Indices share the fact that they track markets we believe are of particular interest”, said Lars Hamich, Chief Executive Officer at MVIS. ”The new indices follow our unique pure-play approach, meet our high liquidity standards and provide diversified exposure with complete transparency”, said Mr. Hamich.
The new Market Vectors Indices offer pure–play exposure. Companies have to generate or, in the case of MVFRAK, have the potential to generate at least 50% of their revenues in the target country, region or sector to be eligible. On a sector level, pure-play stands for pure sector exposure, on a country or regional level, exposure is not longer limited to locally listed companies but expanded to include offshore companies. Strict size and liquidity screenings and strong requirements as to the free-float market capitalisation of companies provide the basis for the high investability of the indices. Proven company capitalisation factors guarantee a diversified exposure and prevent overweightings of single index components.
Market Vectors Indonesia Small-Cap Index (MVIDXJ)
Provides exposure to locally listed small-cap companies and offshore small-cap companies that generate at least 50% of their revenues from Indonesia.
Top 5 companies:
Sentul City (8.0%), Energi Mega Persada (7.2%), Ciputra Development (6.6%), Trada Maritime (6.2%), Bhakti Investama (5.8%).
Market Vectors Nigeria-Focused Western Africa Index
Provides exposure to locally listed companies and offshore companies that generate at least 50% of their revenues from the countries in the target region: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauretania, Niger, Nigeria, Senegal, Sierra Leone and Togo.
Top 5 companies:
Guaranty Trust Bank (8.0%), Zenith Bank (8.0%), Nigerian Breweries (7.0%), First Bank of Nigeria (6.5%), Afren (4.5%).
Market Vectors Unconventional Oil & Gas Index
Provides exposure to companies that generate, or have the potential to generate, at least 50% of their revenues from the unconventional oil and gas segment: coal bed methane (CBM), coal seam gas (CSG), shale oil, shale gas, tight natural gas, tight oil and tight sands.
Top 5 companies:
Canadian Natural Resources (8.0%), Occidental Petroleum (8.0%), EOG Resources (7.0%) Devon Energy (6.4%), Williams Cos (5.1%).
Detailed information about the new indices, including methodology details and comprehensive data are available on www.marketvectorsindices.com.
Note to Editors
About Market Vectors Index Solutions GmbH (MVIS)
Market Vectors Index Solutions develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including commodity and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products. Approximately USD 6.0 billion in assets under management are currently invested in financial products based on Market Vectors Indices.
MVIS is a wholly owned subsidiary of Van Eck Associates Corporation.