FRANKFURT, Germany--(BUSINESS WIRE)--Market Vectors Index Solutions (MVIS - www.marketvectorsindices.com) today announced the licensing of its Market Vectors Global Junior Gold Miners Index (MVGDXJ) to US-based exchange-traded funds (ETF) provider Direxion Shares to underlie leveraged and inverse leveraged ETFs. Since October 3, 2013, the index underlies the NYSE Arca-listed Direxion Daily Junior Gold Miners Index Bull 3X Shares ETF and the Direxion Daily Junior Gold Miners Index Bear 3X Shares ETF.
The ETFs complement the Market Vectors Junior Gold Miners ETF (NYSE Arca:GDXJ) of Van Eck Global, bringing the total numbers of ETFs based on MVIS indices to 37 and assets under management tied to MVIS indices to USD 11.4 billion.
Key Index Features
Vectors Global Junior Gold Miners Index (MVGDXJ)
Full MCap (bn USD): 21.8
No of components: 66
Top 5 companies by weighting: Liongold (5.29%), Argonaut Gold (4.58%), Torex Gold Resources (4.14%), China Gold International (3.92%), McEwen Mining (3.53%).
Base date/base value: 31.12.2003/1000
(Opening data as 0f 4 October 2013)
MVIS is committed to provide best possible transparency and publishes detailed information about Market Vectors Junior Gold Miners Index as well as comprehensive index data, incl. index history, fundamental data and methodology details on www.marketvectorsindices.com.
About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products.
Approximately USD 11.4 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates Corporation (also known as Van Eck Global).