Market Vectors ETFS Hosts Reception at the New York Stock Exchange to Mark the Launch of New Israel
Market Vectors ETFS Hosts Reception at the New York Stock Exchange to Mark the Launch of New Israel ETF (ISRA)
Featured speakers included the Honorable Ron Prosor, Israel's ambassador to the United Nations, and the Honorable Ido Aharoni, Consul General of Israel, New York
NEW YORK--(BUSINESS WIRE)-- On Wednesday, June 26, Market Vectors ETF Trust launched the latest addition to its Exchange-Traded Fund (ETF) family, Market Vectors Israel ETF (NYSE Arca: ISRA), an ETF that seeks to track the BlueStar Israel Global Index, designed to provide investors with broad exposure to Israel's dynamic equity market. That evening, in celebration of the listing of the fund, Market Vectors teamed with BlueStar Global Investors LLC, the firm which produced ISRA's underlying index, to host a reception at the New York Stock Exchange.
Among the featured speakers were the Honorable Ron Prosor, Israel's ambassador to the United Nations; the Honorable Ido Aharoni, Consul General of Israel, New York; and the Honorable Eli Groner, Minister of Economic Affairs with the Embassy of Israel. All three speakers shared their thoughts on Israel's growth story, the sectors and segments of the country's economy that appear poised for growth, and reasons why investors may want to consider adding exposure to Israel to their portfolios.
"We are very pleased to have brought ISRA to market as we feel it offers investors a differentiated means of accessing the full spectrum of Israel's vibrant economy," said Amrita Bagaria, ETF Product Manager with Market Vectors. "We are equally thrilled to have been joined at our launch event by these distinguished speakers, each of whom treated our guests to some unique insights into Israel's economy and its place on the world stage."
"I often describe Israel as 'the start-up nation' given how many entrepreneurs and interesting ideas are at work in the country today, and one of the main questions I get when I speak with the Jewish community in the U.S. focuses on how they can invest in what's happening in Israel," said Mr. Groner. "With the index that BlueStar has created and the fund that Market Vectors has launched, the opportunity now exists for every investor to add exposure to Israel's potential."
New Video Viewpoint Interviews on Israel Added to Market Vectors Website
Bagaria also noted that two new videos have been added to the website that Market Vectors created to share information on ISRA. Those videos include:
- BlueStar's Steven Schoenfeld on Israel as an investment opportunity: http://bcove.me/l1za9obb
- Schoenfeld on the construction of the BlueStar Israel Global Index (BLSNTR), which underlies ISRA: http://bcove.me/6bbxt46w
"Steven Schoenfeld is one of the world's foremost experts on the Israeli economy in addition to being an expert on indexing in his own right, and we're very pleased to have worked with him in the launch of this fund," added Bagaria. "We think investors and advisors could gain quite a bit of valuable knowledge from the points he shares in these videos."
About Market Vectors ETFs
Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family totaled $23.7 billion in assets under management, making it the seventh largest ETP family in the U.S. and tenth largest worldwide as of May 31, 2013.
Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and managed approximately $32 billion in investor assets as of May 31, 2013.
The Fund is subject to elevated risks, including those associated with investments in foreign securities, in particular Israeli issuers, which include, among others, greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. Israel's relations with the Palestinian Authority and certain neighboring countries such as Lebanon, Syria and Iran, among others, have at times been strained due to territorial disputes, historical animosities or security concerns, which may cause uncertainty in the Israeli markets and adversely affect the overall economy. Furthermore, Israel's economy is heavily dependent upon trade relationships with key counter parties around the world. Any reduction in these trade flows may have an adverse impact on the Fund's investments. In addition, companies with medium and small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies and tend to have narrower product lines, fewer financial resources, less management depth and experience and less competitive strength. Investors should be willing to accept a high degree of volatility and the potential of significant loss. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.
The Fund's assets may be concentrated in a particular sector or sectors or industry or group of industries to the extent the Index concentrates in a particular sector or sectors or industry or group of industries, which include information technology, health care, and financials. To the extent that the Fund's investments are concentrated in a particular sector or industry, the Fund will be susceptible to loss due to adverse occurrences effecting that sector or industry.
The "BlueStar Israel Global IndexTM," is the exclusive property and a trademark of BlueStar Global Investors LLC and has been licensed for use for certain purposes by Van Eck Associates Corporation for Market Vectors Israel ETF (the "ETF") based on the BlueStar Israel Global IndexTM. The ETF is not sponsored, endorsed, sold or promoted by BlueStar Global Investors LLC, and BlueStar Global Investors LLC makes no representation regarding the advisability of trading in such product(s).
The "Net Asset Value" (NAV) of a Market Vectors exchange-traded fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.
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. Shares may trade at a premium or discount to their NAV in the secondary market.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. Please refer to the prospectus for complete risk information. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visitmarketvectorsetfs.com. Please read the prospectus and summary prospectus carefully before investing.
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