in News Departments > FYI
print the content item

New York-based asset manager Van Eck Global has launched the market vectors-RVE hard assets producers (HAP) exchange-traded fund (ETF) on the American Stock Exchange

HAP provides one-stop shopping for the global hard assets industry because its underlying index is comprehensive in construction, covering 321 companies in 40 countries and six sectors.

The index includes the world's largest and most prominent publicly traded companies that are engaged in the production and distribution of hard assets and related products and services, and captures more than 90% of the industry's global stock market capitalization.

The sectors covered include energy, agriculture, base metals, precious metals, forest products and water and renewable energy (solar and wind). RVEI is the first commodities equities index to include water and renewable energy and utilizes consumption-based weights that afford balanced exposure among the six sectors.

"The market vectors-RVE HAP ETF is the first to provide comprehensive exposure to the dynamics of the global commodities business in a single fund," says Jan van Eck, principal at Van Eck Global. "We think investors will find it attractive as a way to participate in this huge and growing segment of the market."

SOURCE: Van Eck Global

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Canwea_id1984
Hybrid Energy Innovations 2015