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Wednesday, December 02, 2009

Van Eck Talks Poland with Reporters

Reported by Patricia Kelly

Van Eck Global executives led by Jan van Eck hosted held a press briefing at the firm's Madison Avenue headquarters Wednesday morning to promote Van Eck's 23rd ETF, the Market Vectors Poland ETF. Since its launch on the NYSE Arca last Wednesday, the ETF has an average trading volume of 14,000 shares, company executives said.

MacMillan Communications helped Van Eck organize the briefing, which was attended by around eight journalists.

Adam Phillips, director of ETF sales, was among the Van Eck executives present at the event.

"ETFs such as the Poland ETF help investors allocate money internationally as they are very globally-based, in addition to offering an investment solution for investors who are underweight in emerging markets,” Phillips said.

Henryk Sanecki, consul, first counselor for the trade and investment section of the Consulate General of the Republic of Poland in New York, and Dr. Alicja Malecka, a developer of international investment opportunities finance and risk management and structuring consultant were also present to provide insight into Poland's investment landscape and growth opportunities.

"Poland is in a very stable position right now, particularly the financial sector," Malecka told reporters. "I think banking in Poland is going to grow a lot in the coming years.”

Emphasizing the resiliency of Poland during the recent financial crisis and growth the country has undergone since emerging from “a very dark time” in 1989, Malecka cited the need to control the national debt and address social entitlement and pension reform as challenges facing the country down the road.

The Market Vectors Poland ETF is the latest of a series of ETFs Van Eck has launched that have included both emerging markets-focused and sector-specific funds.

“We're always looking for new investment opportunities all over the world and most recently filed to launch ETFs in India, Egypt and Kuwait,” Phillips told The MFWire

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