Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Van Eck Execs Discuss their Latest Offering Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 15, 2010

Van Eck Execs Discuss their Latest Offering

Reported by Armie Margaret Lee

As has been their custom for nearly all of their exchange-traded fund launches, Van Eck Global [see profile] executives spoke to journalists at the firm's Madison Avenue headquarters in New York Friday morning to discuss their newest product.

Jan van Eck
Van Eck
Principal
The Market Vectors China ETF, which offers access to China's A-Shares market, started trading on the NYSE Arca yesterday [see related story]. The ETF comes with a net expense ratio of 72 basis points. [SEC filing]

Van Eck principal Jan van Eck, who heads up the ETF business, led the roster of speakers, which included director of international equity David Semple and managing director of exchange-traded funds Adam Phillips. Judy Zhou, deputy manager of index sales and marketing at China Securities Index Co., joined in by phone from China.

Van Eck officials noted that the product is the first U.S.-listed ETF that offers exposure to China's A-shares market. As of October 7, there were a total of 24 China A-Share-based ETFs listed on the Hong Kong Exchange.

The ETF will not invest directly in A-Shares from the get-go. It expects instead to invest in swaps and other types of derivative instruments that have economic characteristics substantially identical to those of China A-Share stocks.

MacMillan Communications helped Van Eck put together the media briefing.

The launch comes at a somber time for Van Eck Associates Corporation, whose chief investment officer Derek van Eck (Jan's brother) died unexpectedly at the age of 46 on September 29. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use