New York , Jan. 14, 2008 –NYSE Euronext (NYSE Euronext: NYX) today announced the listing of the Market Vectors – Coal ETF (NYSE Arca: KOL), sponsored by Van Eck Global.
Van Eck Market Vectors - Coal ETF Lists on NYSE Arca
Tracking the performance of the Stowe Coal IndexSM, a basket of 60 coal companies listed on various global exchanges, Market Vectors – Coal ETF is the first ETF that enables U.S. investors to gain exposure to a broad spectrum of companies involved in the production, equipment manufacturing, and transport of coal.
“We’re delighted to welcome Van Eck back to the exchange with the addition of the Market Vectors – Coal ETF to our ETF marketplace,” said Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “This ETF provides investors with direct access to a diverse portfolio of the world’s leading coal stocks and we are pleased to have the first ETF in the U.S. to target the coal industry listed on NYSE Arca.”
In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs. Additionally, NYSE Arca established ten new issuer relationships with product sponsors that had not previously listed product on NYSE Arca. For the full-year 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed.
For more information and data on NYSE Arca listed ETFs and other products, please visit: http://www.nyse.com/etfs.
Van Eck Associates Corporation
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 its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Van Eck Global’s investment products are designed for investors seeking innovative choices for portfolio diversification. They are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.
About Stowe Global Indexes LLC
Stowe Global Indexes, LLC was founded in 2007 for the express purpose of developing benchmarking tools for the global coal industry. It is a partnership between Stowe Partners LLC, a premier consulting and asset management firm specializing in coal, metals and petroleum investment, and S-Network Global Indexes, LLC, a developer and publisher of indexes focused on global investment themes.
Stowe Global Indexes, LLC operates as an independent and unbiased source of primary information concerning the global coal industry. Its composite index is supervised by an independent Index Committee, which includes individuals with long-term domestic and international experience related to the coal and energy industries. The indexes are calculated and maintained by S+P Custom Indexes, a business unit of Standard + Poors.
Stowe Global Indexes, LLC is committed to the integrity of its indexes and the data and information related to them. As a consequence, all index methodologies are transparent and rules based. Their compilation is almost entirely non-discretionary and the independent Index Committee assures arms-length impartiality.
The Stowe Coal IndexSM is a trademark of Stowe Global Indexes LLC and is licensed for use by Van Eck Associates Corporation in connection with Market Vectors-Coal ETF (KOL). Market Vectors-Coal ETF is not sponsored, endorsed, sold or promoted by Stowe Global Indexes LLC and Stowe Global Indexes LLC makes no representation regarding the advisability of investing in the product(s).
The Stowe Coal IndexSM is calculated and maintained by Standard & Poor’s Custom Indices. Van Eck's Market Vectors-Coal ETF is not sponsored, endorsed, sold or promoted by Standard & Poor’s Custom Indices, and Standard & Poor’s Custom Indices makes no representation regarding the advisability of investing in such product(s).
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
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