Market Vectors Index Solutions GmbH (MVIS) today announced the licensing of the Market Vectors Global Junior Gold Miners Index (MVGDXJ) to ProShares, one of the top ten providers of exchange-traded products (ETPs) in the United Sates. The ProShares UltraShort Junior Miners ETF (GDJS) and the ProShares Ultra Junior Miners ETF (GDJJ) are listed on the New York Stock Exchange Arca and start tracking the index today.
The Market Vectors Global Junior Gold Miners Index tracks the performance of the most liquid small-cap companies in the global gold and silver mining industry. The pure play index methodology requires that companies generate at least 50 percent of their revenues from gold or silver mining. The modified market capitalisation-weighted index is reviewed quarterly.
Market Vectors Global Junior Gold Miners Index underlies various ETFs with currently USD 2.2 billion in assets under management.
Year-To-Date Performance: 9.61%
Full Market Capitalisation (in USD bn): 27.73
Number of Components: 64
Base Date/Base Value: 31.12.2003/1000
Top 5 Companies by Weighting: Centamin (5.48%), Hecla Mining (5.32%), Iamgold (4.43%), Harmony Gold Mining (4.01%), Rio Alto Mining (3.99%)
(All data as of 11 February 2015)
Detailed information about Market Vectors Global Junior Gold Miners Index and all other Market Vectors Hard Assets Indices, including methodology details and comprehensive data is available on www.marketvectorsindices.com.
Note to Editors:
About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which 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 11 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.