ETF on Market Vectors US Business Development Companies Index
Index licensed to Van Eck Global to underlie Market Vectors ETF
FRANKFURT, Germany--(BUSINESS WIRE)-- Market Vectors Index Solutions GmbH (MVIS - www.marketvectorsindices.com) today announced the licensing of the Market Vectors US Business Development Companies Index (MVBIZDTG) to Van Eck Global, the 5th largest provider of exchange-traded products in the US and the 8th largest globally. The index underlies the Market Vectors BDC Income exchange-traded fund (ETF) (NYSE Arca: BIZD) which began tracking the index on 12 February 2013.
"Market Vectors US Business Development Companies Index is exclusively comprised of publicly trading business development companies, a unique type of corporate entity," said Lars Hamich, Chief Executive Officer at MVIS. "Like always, our goal was to create an index which is the ideal underlying for ETFs. To ensure a liquid and investable index design we have implemented most demanding liquidity screenings."
Market Vectors US Business Development Companies Index includes companies which have elected to be treated as a Business Development Company (BDC). BDCs have to be organized under the laws of, and have their principal place of business in the United States; be registered with the Securities and Exchange Commission; and have elected to be regulated as a BDC under the Investment Company Act of 1940 ("the 40 Act").
Market Vectors US Business Development Companies Index - Key Features
|Full Market Capitalisation:||USD 23.15|
|No of Components:||25|
|Top 5 Companies by Weighting:||Ares Capital (15.98%), American Capital (15.23%), Prospect Capital (7.40%), Apollo Investment (6.08%), Triangle Capital (4.86%).|
|Base Value/Base Date :||29.06.2007/1000|
|(Closing Data, 12 February 2013)|
Detailed information about the Market Vectors US Business Development Companies Index and the full range of Market Vectors Indices, including methodology details and comprehensive data is available on 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 8.6 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).
KEYWORDS: Europe Germany
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