Van Eck Global to Change the Underlying Index for Its Emerging Markets High Yield Bond ETF (HYEM)

Van Eck Global, sponsor of Market Vectors ETFs, today announced that effective on or about May 11, 2015, the Market Vectors Emerging Markets High Yield Bond ETF (NYSE Arca: HYEM) will begin tracking a new benchmark index, the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index.

The new index includes a 10 percent country weighting cap and a three percent cap on individual issuers, while the current index does not include such caps. Van Eck believes that, by including such caps, the new index may help reduce the risks associated with high concentrations in any single country or issuer.

“HYEM will continue to focus solely on the non-sovereign segment of the high yield emerging markets bond universe,” said Fran Rodilosso, senior investment officer for fixed income ETFs with Van Eck. “But once it seeks to track the new index, it will do so with greater diversification and issuer caps to limit the potential for overconcentration.”

Market Vectors Emerging Markets High Yield Bond ETF is the largest U.S.-listed ETF targeting emerging market high yield corporate bonds, with close to $400 million in assets under management, as of February 27, 2015. The ETF is one of four high yield ETFs that Van Eck offers under its Market Vectors label, with the other three being Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL), International High Yield Bond ETF (NYSE Arca: IHY) and Treasury-Hedged High Yield Bond ETF (NYSE Arca: THHY).

About Market Vectors ETFs

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family is one of the largest providers of ETFs in the U.S. and worldwide.

Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and managed approximately $32.1 billion in investor assets as of February 27, 2015.

Market Vectors Emerging Markets High Yield Bond ETF (HYEM) may be subject to risks which include, among others, credit risk, call risk, interest rate risk, and quasi-sovereign defaults, all of which may adversely affect the fund. High yield bonds may be subject to greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes than higher rated securities. International investing involves additional risks which include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. Changes in currency exchange rates may negatively impact the fund's return. Investments in emerging markets securities are subject to elevated risks which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability. The fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors. Diversification does not assure a profit nor protect against a loss.

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Fund shares are not individually redeemable and will be issued and redeemed at their Net Asset Value (“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. Shares may trade at a premium or discount to their NAV in the secondary market.

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