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Rating:Van Eck Debuts New ETF on the Amex Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, September 05, 2007

Van Eck Debuts New ETF on the Amex

News summary by MFWire's editors

Van Eck Global has launched its fifth ETF on the American Stock Exchange. The Market Vectors-Agribusiness ETF (Amex: MOO) tracks the DAXglobal Agribusiness Index.


The American Stock Exchange® (Amex®) today announced that Van Eck Global has launched its fifth ETF on Amex: Market Vectors-Agribusiness ETF (Amex: MOO).

MOO aims to track the price and yield performance of the DAXglobal® Agribusiness Index, which is comprised of common stocks and depository receipts that are listed for trading on major stock exchanges around the world and involved in the business of agriculture. MOO components include companies engaged in agriproduct operations, agricultural chemicals, livestock operations, agricultural equipment, and ethanol/biodiesel, and which predominantly derive at least 50% of their total revenues from such activities.

“This new ETF provides investors with access to opportunities in the growing global agriculture market,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “Amex and Van Eck enjoy a collaborative commitment to bringing diverse product offerings to the investing community.”

Kellogg Capital Group, LLC is the specialist for MOO.

About the American Stock Exchange

The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 340 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.  

Edited by: Erin Kello


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