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Van Eck Global brings gold mining ETFs to Switzerland

Two Market Vectors UCITS ETFs listed on SIX.


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Lars Hamich, CEO of Van Eck Global (Europe)


Van Eck Global Investments Ltd., the Irish Management Company of the Market Vectors UCITS ETFs, today announced the cross-listing of its two gold mining exchange-traded funds on the SIX Swiss Exchange. The funds are denominated in US Dollar and will be traded in Swiss Franc (CHF).

The Market Vectors Gold Miners UCITS ETF (SIX: GDX) and the Market Vectors Junior Gold Miners UCITS ETF (SIX: GDXJ) started trading in Europe on the London Stock Exchange in April 2015 followed by listings on Deutsche Börse XETRA in May and BATS CHI-X Europe at the beginning of June. Both funds follow the same investment strategies and are based on the same index underlyings as their successful US-listed counterparts which are the largest gold mining ETFs globally. Two months after its initial listing in London, the Market Vectors Gold Miners UCITS ETF is the third-largest gold mining ETF in Europe by assets invested.*

“Over 30 percent of the USD 8 billion invested in our US-listed gold mining funds comes from non-US clients. This strong international client demand for UCITS ETFs and providing investors with flexible product options was the key motivation for our recent fund launches on the London Stock Exchange,” said Lars Hamich, CEO of Van Eck Global Europe. “The cross-listings on Deutsche Börse, BATS CHI-X and now on the SIX Swiss Exchange provide our European clients with extended trading options and trading currencies.”

Alain Picard, Head of Product Management SIX Swiss Exchange, said: “We are pleased to welcome Van Eck Global as new ETF provider. The two ETFs listed on the Swiss Exchange today are a valuable addition to our existing product line and provide investment opportunities in the precious metals sector.”

The Market Vectors Gold Miners UCITS ETF tracks the performance of the NYSE Arca Gold Miners Index (GDMNTR) and provides access to a comprehensive global portfolio of large-, mid- and small-capitalisation companies. Market Vectors Junior Gold Miners UCITS ETF is benchmarked to the Market Vectors Global Junior Gold Miners Index (MVGDXJTR). The index reflects the performance of the global spectrum of micro-, small- and medium-capitalisation or so-called junior mining companies.

*As of 8 June 2015

Source: ETFWorld.co.uk