DAXglobal(R) Agribusiness Index up 90.02 Percent in 2007
January 08 2008 - 9:12AM
Business Wire
The DAXglobal� Agribusiness Index (Bloomberg ticker: DXAG) returned
+14.42 percent in December and gained 90.02 percent for the year
ending December 31, 2007.* � The Index comprises a basket of the
securities of 37 companies from around the world that are engaged
in various sectors of the agribusiness industry including
agriproduct operations, agricultural chemicals, livestock
operations, agricultural equipment and ethanol/biodiesel. These
sectors represent 27.7%, 44.5%, 4.8%, 20.3% and 2.7% of the Index
as of December 31, 2007. The Index, launched on July 16, 2007,
includes many companies of global prominence including Potash
Corp., Deere Co., Komatsu Ltd. and Monsanto Co., (representing
8.5%, 7.9%, 4.4% and 7.9% of the Index as of December 31, 2007).
The Market Vectors�Agribusiness ETF (Amex: MOO) is an
exchange-traded fund that seeks to replicate as closely as
possible, before fees and expenses, the price and yield performance
of the Index. MOO generally holds all of the securities that
comprise the Index in proportion to their weighting in the Index.
*Past performance does not guarantee future results. The Index�s
return does not represent the performance of any fund. The Index
charges no fees, including management fees or brokerage expenses,
and no such fees or expenses were deducted from the performance
shown. Investors cannot invest directly in the Index. Please call
1.888.MKT.VCTR or visit www.vaneck.com/moo for the most recent
month-end performance of Market Vectors-Agribusiness ETF. This
information will be available no later than seven business days
after the most recent month end. �About the DAXglobal� Agribusiness
Index Performance information presented for the Index covering the
period prior to July 16, 2007 is based on hypothetical, back-tested
data. Prior to July 16, the Index was not calculated in real time
by an independent calculation agent. Hypothetical, back-tested
performance has inherent limitations and is not indicative of
future results. No representation is being made that any investment
will achieve performance similar to that shown. The Index is
intended to give investors an efficient way to track the
performance of equity securities of selected companies engaged in
the agriculture business that are traded on leading global
exchanges. It is calculated using a modified market capitalization
weighting methodology. The Index is weighted based on the market
capitalization of each of the component securities, modified to
conform to various asset diversification requirements, which are
applied in conjunction with the scheduled quarterly adjustments to
the Index. The value of the Index is disseminated every 15 seconds
between the hours of approximately 9:30 a.m. and 4:15 p.m. Eastern
Time. The Index is a total return index. The DAXglobal�
Agribusiness Index (DXAG), a trademark of Deutsche B�rse AG, is
licensed for use by Van Eck Associates Corporation in connection
with MOO. Deutsche B�rse AG does not sponsor or endorse MOO and
makes no warranty or representation as to the accuracy and/or
completeness of DXAG or results to be obtained by any person from
use of DXAG in connection with trading MOO. Fund shares are not
individually redeemable and will be issued and redeemed at their
NAV only through certain authorized broker-dealers in large,
specified blocks of shares called �creation units� and otherwise
can be bought and sold only through exchange trading. Creation
units are issued and redeemed principally in kind. MOO is subject
to various risks including those associated with making investments
in companies engaged in the agriculture business such as economic
forces, energy and financial markets, government policies and
regulations, and environmental laws and regulations. Investors may
call 1.888.MKT.VCTR or visit www.vaneck.com/moo for a free
prospectus. They should consider the investment objective, risks,
and charges and expenses of Market Vectors-Agribusiness ETF
carefully before investing. The prospectus contains this and other
information about MOO. Please read the prospectus carefully before
investing. About Deutsche B�rse AG Deutsche B�rse Group offers more
than a marketplace for trading shares and other securities. It is a
transaction services provider with advanced technology to afford
companies and investors access to global capital markets. Deutsche
B�rse has a broader basis than any of its competitors. Its product
and services mix cover the entire process chain: securities and
derivatives trading, transaction settlement, provision of market
information as well as the development and operation of electronic
trading systems. With its process-oriented business model, Deutsche
B�rse increases capital markets efficiency. Issuers benefit from
low capital costs and investors enjoy the advantages of high
liquidity and low transaction costs. About Van Eck Global 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 the 50+ year
tradition by offering global investment choices in hard assets,
emerging markets, precious metals including gold, and other
specialized asset classes. Van Eck mutual funds are sold nationwide
through retail brokers, financial planners and investment advisors.
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. Van Eck also offers
exchange-traded funds, separate accounts and alternative
investments. In addition, it offers the Worldwide Insurance Trust
Funds, a series of investment choices within the variable annuity
contracts and variable life policies of widely known and highly
regarded insurers. Van Eck Securities Corporation, Distributor, 99
Park Avenue, New York, NY 10016
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