FRANKFURT, Germany--(BUSINESS WIRE)--Market Vectors Index Solutions today announced that the Market Vectors Indices will adopt a new name and be known as MVIS Indices and Market Vectors Index Solutions will adopt the name MV Index Solutions (MVIS). The name change is part of a global rebranding initiative by MVIS’ parent company VanEck that will be implemented in stages across the firm’s business lines worldwide. The new index branding becomes effective on May 2, 2016. The concept, methodology and identifier of the MVIS indices are not affected and remain unchanged.
MVIS launched in November 2011 introducing a sophisticated index strategy to develop highly investable indices. The index methodology concept ensures pure play, liquid and well-diversified indices, particularly suited to underlie exchange-traded funds (ETFs). MVIS currently disseminates 151 indices offering exposure to assets classes such as hard assets, international equity with a strong focus on emerging markets, and fixed income. 60 percent of all MVIS Indices are licensed to underlie ETFs, some of them the largest ETFs in their respective peer groups. Approximately USD 10 billion are invested in ETFs based on MVIS Indices.
MVIS is committed to transparency and will continue to offer index data and history, fundamental and economic data, as well as expert research on its website.
Note to the editor:
Market Vectors Index Solutions (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. They 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 10 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a VanEck Company.