DAXglobal(R) Agribusiness Index up 90.02% in 2007. Index comprises a basket of the securities of 37 companies from around the world that are engaged in various sectors of the agribusiness industry including agriproduct operations, agricultural chemicals, livestock operations, agricultural equipment and ethanol/biodiesel. These sectors represent 27.7%, 44.5%, 4.8%, 20.3% and 2.7% of the Index as of December 31, 2007. The Index, launched on July 16, 2007, includes many companies of global prominence including Potash Corp., Deere Co., Komatsu Ltd. and Monsanto Co., (representing 8.5%, 7.9%, 4.4% and 7.9% of the Index as of December 31, 2007).
DAXglobal(R) Agribusiness Index up 90.02% in 2007.
NEW YORK, Jan 08, 2008 (BUSINESS WIRE) -- The DAXglobal(R: 49.21, -0.25, -0.50%) Agribusiness Index (Bloomberg ticker: DXAG) returned +14.42 percent in December and gained 90.02 percent for the year ending December 31, 2007.* +
The Index comprises a basket of the securities of 37 companies from around the world that are engaged in various sectors of the agribusiness industry including agriproduct operations, agricultural chemicals, livestock operations, agricultural equipment and ethanol/biodiesel. These sectors represent 27.7%, 44.5%, 4.8%, 20.3% and 2.7% of the Index as of December 31, 2007. The Index, launched on July 16, 2007, includes many companies of global prominence including Potash Corp., Deere Co., Komatsu Ltd. and Monsanto Co., (representing 8.5%, 7.9%, 4.4% and 7.9% of the Index as of December 31, 2007).
The Market Vectors-Agribusiness ETF (Amex: MOO) is an exchange-traded fund that seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Index. MOO generally holds all of the securities that comprise the Index in proportion to their weighting in the Index.
*Past performance does not guarantee future results. The Index's return does not represent the performance of any fund. The Index charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in the Index.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/moo for the most recent month-end performance of Market Vectors-Agribusiness ETF. This information will be available no later than seven business days after the most recent month end.
+About the DAXglobal(R: 49.21, -0.25, -0.50%) Agribusiness Index
Performance information presented for the Index covering the period prior to July 16, 2007 is based on hypothetical, back-tested data. Prior to July 16, the Index was not calculated in real time by an independent calculation agent. Hypothetical, back-tested performance has inherent limitations and is not indicative of future results. No representation is being made that any investment will achieve performance similar to that shown.
The Index is intended to give investors an efficient way to track the performance of equity securities of selected companies engaged in the agriculture business that are traded on leading global exchanges.
It is calculated using a modified market capitalization weighting methodology. The Index is weighted based on the market capitalization of each of the component securities, modified to conform to various asset diversification requirements, which are applied in conjunction with the scheduled quarterly adjustments to the Index. The value of the Index is disseminated every 15 seconds between the hours of approximately 9:30 a.m. and 4:15 p.m. Eastern Time. The Index is a total return index.
The DAXglobal(R: 49.21, -0.25, -0.50%) Agribusiness Index (DXAG), a trademark of Deutsche Borse AG, is licensed for use by Van Eck Associates Corporation in connection with MOO. Deutsche Borse AG does not sponsor or endorse MOO and makes no warranty or representation as to the accuracy and/or completeness of DXAG or results to be obtained by any person from use of DXAG in connection with trading MOO.
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.
MOO is subject to various risks including those associated with making investments in companies engaged in the agriculture business such as economic forces, energy and financial markets, government policies and regulations, and environmental laws and regulations.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/moo for a free prospectus. They should consider the investment objective, risks, and charges and expenses of Market Vectors-Agribusiness ETF carefully before investing. The prospectus contains this and other information about MOO. Please read the prospectus carefully before investing. |
