Business & Finance
Thu, March 22, 2012 
FRANKFURT, Germany--([ BUSINESS WIRE ])--Market Vectors Index Solutions GmbH (MVIS - [ www.marketvectorsindices.com ]) today announced the licensing of the Market Vectors Indonesia Small-Cap Index (MVIDXJ) to Van Eck Global, the 5th largest provider of exchange traded products in the US and the 8th largest globally. The Market Vectors Indonesia Small Cap ETF (NYSE Arca: IDXJ) began tracking the index on 21March 2012.
"The index is especially qualified to underlie ETFs because it is based on the same liquidity concept for investable indices that is applied to all Market Vectors Indices. We apply the most demanding index rules for liquidity screenings in the market"
aThe Market Vectors Indonesia Small-Cap Index is the only index that provides pure-play exposure to the small-cap segment of this dynamic and growing economy in South East Asia and we are delighted to announce that the index will underlie the first ETF of its kind. We think, small-cap companies offer excellent exposure to the Indonesian economy since those companies are primarily driven by local developmentsa, said Lars Hamich, Chief Executive Officer at MVIS. aThe index is especially qualified to underlie ETFs because it is based on the same liquidity concept for investable indices that is applied to all Market Vectors Indices. We apply the most demanding index rules for liquidity screenings in the marketa, said Mr. Hamich.
Market Vectors Indonesia Small-Cap Index completes the exposure of his big brother, the Market Vectors Indonesia Index (MVIDX), which tracks primarily the performance of Indonesian large- and mid-cap stocks. Market Vectors Indonesia Index also is licensed and underlies the Market Vectors Indonesia ETF (NYSE Arca: IDX). Both indices are pure-play indices and expand local overage to include offshore companies that must generate at least 50 percent of their revenues from Indonesia to be classed as pure-play companies. Indices are well-balanced through the implementation of proven cap factors; individual index companies are capped at 8 percent.The indices are reviewed quarterly.
Market Vectors Indonesia Small-Cap Index | Market Vectors Indonesia Index | ||
| Full MCap: USD 15.04 billion | Full MCap: USD 283.01 billion | ||
| No of Components: 25 components | No of Components: 42 components | ||
| Top 5 Companies by Weighting: | Top 5 Companies by Weighting: | ||
| 1. Bhakti Investama (8.82%) | 1. Bank Central Asia (8.34%) | ||
| 2. Energie Mega Persada (7.73%) | 2. Astra International (7.90%) | ||
| 3. Ciputra Development (7.71%) | 3. Bank Rakyat Indonesia (7.03%) | ||
| 4. Sentul City (6.84%) | 4. Telekomunikasi Indonesia (6.33%) | ||
| 5. Bakrieland Development (5.91%) | 5. Bank Mandiri (6.33%) |
(Data as of 20 March 2012)
Detailed information about the Market Vectors Indonesia Small-Cap Index, including methodology details and comprehensive data is available on [ www.marketvectorsindices.com ].
Note to Editors:
About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including commodity and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products. Approximately USD 8.0 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates Corporation (also known as Van Eck Global).
