Options on Market Vectors-Nuclear Energy ETF Begin Trading on CBOE(R)
2008年9月5日 - 12:56AM
ビジネスワイヤ(英語)
The Chicago Board Options Exchange� (CBOE�) has launched trading of
options on Market Vectors-Nuclear Energy ETF (ticker: NLR), an
exchange-traded fund. NLR options began trading on August 21. NLR
seeks to replicate as closely as possible, before fees and
expenses, the price and yield performance of the DAXglobal� Nuclear
Energy Index (ticker: DXNE). The index provides targeted exposure
to companies worldwide that are engaged in various sectors of the
nuclear industry�including uranium mining, nuclear plant
infrastructure, uranium enrichment, uranium storage, nuclear
generation, nuclear equipment and nuclear fuel transportation. The
index was launched in July 2007 and includes many companies of
global prominence�such as Areva, Cameco and Mitsubishi Heavy
Industries. The options trade on the January expiration cycle with
initial expiration months of September, October, January and April.
Strike prices range from 25 to 35 in one-point intervals. Position
limits have been set at 25,000 shares. The Designated Primary
Market Maker is Jane Street Specialists, LLC. DXNE is published by
Deutsche B�rse Group. NLR shares trade on the American Stock
Exchange� (Amex�) and Van Eck Associates Corporation is the
investment adviser for NLR. Prior to buying or selling an option,
investors must read a copy of the Options Disclosure Document,
which explains the characteristics and risks of exchange-traded
options and can be found at
www.optionsclearing.com/publications/risks/riskstoc.pdf. About the
Chicago Board Options Exchange� CBOE�, the largest U.S. options
marketplace and creator of listed options, is regulated by the
Securities and Exchange Commission (SEC). Since founding the listed
options business in 1973, CBOE� has been the leader in options
volume every single year. In 2007, CBOE� options contract volume
reached an all-time record of more than 944 million contracts. For
more information on the CBOE�, please visit www.cboe.com. About the
DAXglobal� Nuclear Energy Index The index is intended to give
investors an efficient way to track the performance of equity
securities of selected companies engaged in the nuclear energy
industry. It is calculated using a modified market capitalization
weighting methodology. The index is weighted based on the market
capitalization of each of the component stocks, modified to conform
to various asset diversification requirements, which are applied in
conjunction with the scheduled quarterly adjustments to the Index.
The value of the index is disseminated every 15 seconds between the
hours of approximately 9:30 a.m. and 4:15 p.m. Eastern Time. The
DAXglobal� Nuclear Energy Index, a trademark of Deutsche B�rse AG,
is licensed for use by Van Eck Associates Corporation in connection
with NLR. Deutsche B�rse AG does not sponsor or endorse NLR and
makes no warranty or representation as to the accuracy and/or
completeness of the index or results to be obtained by any person
from use of the index in connection with trading NLR. About
Deutsche B�rse AG Deutsche B�rse Group offers more than a
marketplace for trading shares and other securities. It is a
transaction services provider with advanced technology to afford
companies and investors access to global capital markets. Deutsche
B�rse designs, calculates and disseminates more than 2,300 indices
linked to its master brands DAX�, DAXplus� and DAXglobal�, making
it one of the world�s most renowned index providers. These index
products allow investors to cover international markets and global
investment strategies in a highly transparent, rule-based and
cost-effective manner. About Van Eck Global Founded in 1955, Van
Eck Associates Corporation was among the first U.S. money managers
helping investors achieve greater diversification through global
investing. Today the firm continues the 50+ year tradition by
offering global investment choices in hard assets, emerging
markets, precious metals including gold, and other specialized
asset classes. Market Vectors exchange-traded products have been
offered by Van Eck Global since 2006 when the firm launched the
nation�s first gold mining ETF. Today, Market Vectors ETFs and ETNs
span several asset classes, including equities, municipal bonds and
currency markets. Van Eck Global also offers mutual funds,
insurance trust funds, separate accounts and alternative
investments. Designed for investors seeking innovative choices for
portfolio diversification, Van Eck Global�s investment products are
often categorized in asset classes having returns with low
correlations to those of more traditional U.S. equity and fixed
income investments. NLR is subject to risks associated with the
stock market, index tracking, sector investing, investing in small-
or mid-cap companies, replication management, non-diversified
investments, absence of prior active market, trading issues,
fluctuation of net asset value and risks of investing in nuclear
energy investments. Because of their narrow focus, sector
investments tend to be more volatile than investments that
diversify across many sectors and companies. Fund shares are not
individually redeemable and will be issued and redeemed at their
NAV only through certain authorized broker-dealers in large,
specified blocks of shares called �creation units� and otherwise
can be bought and sold only through exchange trading. Creation
units are issued and redeemed principally in kind. Shares may trade
at a premium or discount to their NAV in the secondary market.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/nlr for a
free prospectus. They should consider the investment objective,
risks, and charges and expenses of Market Vectors-Nuclear Energy
ETF carefully before investing. The prospectus contains this and
other information about NLR. Please read the prospectus carefully
before investing. Please call 1.888.MKT.VCTR or visit
www.vaneck.com/nlr for the most recent month-end performance of
Market Vectors-Nuclear Energy ETF. This information will be
available no later than seven business days after the most recent
month end. Van Eck Securities Corporation, Distributor, 99 Park
Avenue, New York, NY 10016
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