Market Vectors, the fifth-largest provider of exchange-traded products in the US and the eighth-largest globally, has added six of its NYSE Arca-traded ETFs to the list of depository receipts based on Market Vectors ETFs currently available to Qualified Investors in Mexico.
Market Vectors has added a further six ETFs to the list of ETFs available via depositary receipt to Qualified Investors in Mexico.
Deutsche Securities Casa de Bolsa in Mexico will act as local sponsor and filing agent for the depositary receipts.
With the addition of these ETFs, Market Vectors now offers depositary receipts on 30 ETFs to Qualified Investors in Mexico.
The latest six to be offered via depositary receipt are as follows:
Market Vectors High-Yield Municipal Index ETF (HYD)
Tracks the Barclays Capital Municipal Custom High Yield Composite Index (LMEHTR), a market-value-weighted index that tracks the high-yield municipal bond market with a 75% weight in non-investment-grade municipal bonds and a 25% weight in Baa/BBB-rated investment-grade municipal bonds for liquidity and balance. Assets under management: $924.4m
Market Vectors Intermediate Municipal Index ETF (ITM)
Tracks the Barclays Capital AMT-Free Intermediate Continuous Municipal Index (LMT2TR), a market-value-weighted index designed to replicate the price movements of medium-duration bonds with a nominal maturity of 6-17 years. Assets under management: $641.6m
Market Vectors Long Municipal Index ETF (MLN)
Tracks the Barclays Capital AMT-Free Long Continuous Municipal Index (LMT3TR), a market-value-weighted index designed to replicate the price movements of long-duration bonds with a nominal maturity of 17 years or more. Assets under management: $106.6m
Market Vectors Morningstar Wide Moat Research ETF (MOAT)
Tracks the Morningstar Wide Moat Focus Index (MWMFTR), a rules-based, equal-weighted index intended to offer exposure to the 20 most attractively priced companies with sustainable competitive advantages according to Morningstar’s equity research team. Assets under management: $63.4m
Market Vectors Mortgage REIT Income ETF (MORT)
Tracks the Morningstar Wide Moat Focus Index (MWMFTR), a rules-based, equal-weighted index intended to offer exposure to the 20 most attractively priced companies with sustainable competitive advantages according to Morningstar’s equity research team. Assets under management: $90.2m
Market Vectors Short Municipal Index ETF (SMB)
Tracks the Barclays Capital AMT-Free Short Continuous Municipal Index (LMT1TR), a market value weighted index designed to replicate the price movements of short-duration bonds with a nominal maturity of 1-6 years. Assets under management: $175.4m
(AUM as of 31/10/12).