FRANKFURT, Germany--(BUSINESS WIRE)--Market Vectors Index Solutions (MVIS) today introduced the Market Vectors Hedge Fund Beta Indices, a set of four regional and two global indices of Long/Short Equity hedge funds. The regional Long/Short Equity indices cover Developed Asia, Emerging Markets, North America and Western Europe. The global indices cover Global Long/Short Equity and Global Event Long/Short Equity.
Each index seeks to capture the systematic returns (“beta”) of hedge funds with similar investment styles that invest in the same asset classes and same geographic markets. Market Vectors Hedge Fund Beta Indices employ a patented rating and ranking system that filters out funds with low beta as compared to their hedge fund peer group, enhancing the indices’ risk-adjusted returns. Each index is constructed using transparent, liquid ETFs to produce hedge fund-style returns.
Market Vectors Asia (Developed) Long/Short Equity Hedge Fund Beta
Index (MVLSDA)
Number of components: 4
Top 3 components:
SPDR Barclays Capital 1-3 Month T-Bill (59.83%), iShares MSCI Taiwan ETF
(16.77%), iShares MSCI
Japan ETF (11.77).
Market Vectors EM Long/Short Equity Hedge Fund Beta Index (MVLSEM)
Number
of components: 5
Top 3 components: SPDR Barclays Capital 1-3 Month
T-Bill (57.54%), Vanguard MSCI EM ETF (33.00%), Vanguard MSCI
EAFE
ETF (7.69%).
Market Vectors Global Event Long/Short Equity Hedge Fund Beta Index
(MVEVEQ)
Number of components: 4
Top 3 components: SPDR
Barclays Capital 1-3 Month T-Bill (74.46%), SPDR S&P 500 ETF (25.32%),
Vanguard MSCI EM ETF (1.61%).
Market Vectors Global Long/Short Equity Hedge Fund Beta Index (MVLSGL)
Number
of components: 5
Top 3 components: SPDR Barclays Capital 1-3 Month
T-Bill (64.27%), SPDR S&P 500 ETF (32.84%), Vanguard MSCI EM ETF (6.23%).
Market Vectors North America Long/Short Equity Hedge Fund Beta Index
(MVLSNA)
Number of components: 7
Top 3 components: SPDR
Barclays Capital 1-3 Month T-Bill (62.78%), iShares S&P 500 Growth ETF
(29.34%), iShares Russell 2000 Growth ETF (15.48%).
Market Vectors Western Europe Long/Short Equity Hedge Fund Beta Index
(MVLSWE)
Number of components: 6
Top 3 components: SPDR
Barclays 1-3 Month T-Bill (100.17%), iShares MSCI United Kingdom ETF
(19.50%), iShares MSCI Germany ETF (16.72%).
(Opening data, 21
November 2012)
Detailed information about Market Vectors Hedge Fund Beta 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 hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products. Approximately USD 8.5 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 (also known as Van Eck Global).