Market Vectors Gold Miners UCITS ETFs start trading today.…
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Lars Hamich, CEO of Van Eck Global (Europe)
Van Eck Global Investments Ltd., the management company of the Market Vectors UCITS ETFs, today announced the cross-listing of its two European exchange-traded funds (ETFs) on Deutsche Börse’s XETRA platform. The Market Vectors Gold Miners UCITS ETF (XETRA: G2X) and the Market Vectors Junior Gold Miners UCITS ETF (XETRA: G2XJ) are trading in Euro. The two funds were first listed on the London Stock Exchange (LSE) in April 2015 when Van Eck Global announced the introduction of the company’s first European ETF products.
Like their market-leading U.S. listed counterparts, the European Gold Mining ETFs are pure-play products with global focus. The funds enable investors to access different spectrums of the global gold mining sector. While the Market Vectors Gold Miners UCITS ETF provides access to a comprehensive portfolio of companies throughout all market capitalisation categories, the Market Vectors Junior Gold Miners UCITS ETF invests exclusively in micro-, small- and medium- capitalisation companies, called “juniors” because they are in an exploration or early mining phase.
Commenting on the listing, Lars Hamich, CEO of Van Eck Global (Europe), said: “We are proud to be launching our first UCITS ETFs on Deutsche Börse.” Mr. Hamich added: “It is exciting to observe that since their main listing in London last month, both funds have attracted investors’ attention. The Gold Miners UCITS ETF is already the third largest gold mining ETF by assets invested and while the Junior ETF is smaller, we see growing interest in this product as it is the only ETF in Europe exclusively investing in junior gold mining companies.”
“We welcome Van Eck Global as a new issuer in our ETF segment on Xetra, the ETF trading venue with the highest liquidity and turnover in Europe. The new ETFs enhance our product offering and provide good value investment opportunities in global gold mining companies,” said Dr. Martin Reck, Managing Director Cash Market at Deutsche Börse AG.
The Market Vectors Gold Mining UCITS ETFS are currently registered for public distribution in eight European countries. In addition to the listings in London and Frankfurt, further exchange listings in complementary trading currencies are in preparation.
Both funds are benchmarked to the same indices as their U.S. counterparts.