Van Eck Announces Index Changes For Market Vectors ETFs

Van Eck, the sixth-largest U.S. ETF issuer, announced changes to the indexes used for several of its popular Market Vectors ETFs. The Market Vectors Brazil Small-Cap Index used for the Market Vectors Brazil Small-Cap ETF BRF will add three companies and remove two. The ETF is currently home to 73 constituents and has almost $604 million in assets under management. The index used for the Market Vectors Junior Gold Miners ETF GDXJ will remove four components but add seven. There are currently 77 holdings in that ETF, which has $2.3 billion in assets under management. The index for the Market Vectors Rare Earths/Strategic Metals ETF REMX will make one addition and no deletions while the index used for the Market Vectors Colombia ETF COLX will make one deletion and no additions. Two components will be removed from the index tracking the Market Vectors Egypt ETF EGPT while the index for the Market Vectors India Small-Cap ETF SCIF will add seven components and delete 11. The indexes for the Market Vectors Indonesia ETF IDX and the Market Vectors Russia ETF RSX will not see changes. The Market Vectors LatAm Small-Cap Index ETF's LATM will add 11 components and remove five. The index for the Market Vectors Vietnam ETF VNM will remove one member.