FRANKFURT, Germany--(BUSINESS WIRE)--Market Vectors Index Solutions GmbH (MVIS – www.marketvectorsindices.com) today expands its set of GDP indices. Market Vectors GDP Africa Index and Market Vectors GDP GCC Index are the latest additions to the company’s current range of GDP indices which comprise the Market Vectors GDP World ex-US Index and the Market Vectors GDP Emerging Market Index.
The GDP index concept provides an alternative, thus complementary, view of markets as compared to traditional market capitalisation weighted indices. While traditional indices apply market capitalisation based weighting schemes, GDP indices reflect the size of a country’s economy rather than the size of its equity market. Market Vectors GDP Indices follow the high index quality standards which are applied to all Market Vectors Indices leading to pure-play exposure and liquid, investable and well-diversified indices.
Market Vectors GDP Africa Index (MVAFK)
The index includes local companies and offshore companies that generate at least 50% of their revenues in Africa.
Top 5 Companies: Orascom Construction Industries (5.16%), Subsea 7 (4.34%), Anglo American (3.69%), Ophir Energy (3.28%), Maroc Telecom (3.08%).
Market Vectors GDP GCC Index (MVMES)
The GCC or Gulf Cooperation Council includes the following countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The index contains local companies and offshore companies that generate at least 50% of their revenues in this region.
Top 5 Companies: Dragon Oil (6.86%), National Bank of Abu Dhabi (6.38%), Emaar Properties (6.14%), DP World (5.58%), Abu Dhabi Commercial Bank (5.40%).
(Data as per 11 May 2012)
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 7.1 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.