By MarketNewsVideo The Agribusiness ETF (MOO) is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 298,000. Shares of MOO were off about 4.4% on the day. …read more
Source: FULL ARTICLE at Forbes Markets
By MarketNewsVideo In trading on Tuesday, the iShares Mortgage Real Estate Capped ETF (REM) is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of American Capital Agency (AGNC), up about 6.3% and shares of American Capital Mortgage Investment (MTGE), up about 5.2% on the day. …read more
Source: FULL ARTICLE at Forbes Markets
By Business Wirevia The Motley Fool
Filed under: Investing
Market Vectors Index Solutions Licenses Global Agribusiness and Global Solar Energy Indices to Van Eck
MV Global Agribusiness and MV Global Solar Energy Indices replace previous ETF benchmarks
FRANKFURT, Germany–(BUSINESS WIRE)– Market Vectors Index Solutions GmbH (MVIS – www.marketvectorsindices.com) today announced the licensing of Market Vectors Global Agribusiness Index (MVMOOTR) and Market Vectors Global Solar Energy Index (MVKWTTR) to Van Eck Global, the 5th largest provider of exchange-traded products in the US and the 8th largest globally. Beginning today MVMOOTR and MVKWTTR replace the previous index benchmarks of the Market Vectors Agribusiness ETF (NYSE Arca: MOO) and the Market Vectors Solar Energy ETF (NYSE Arca: KWT). MOO is currently the largest US-listed agribusiness exchange-traded fund (ETF) with USD 5.7 billion in assets under management.
“We are pleased to announce the licensing agreement with Van Eck“, said Lars Hamich, Chief Executive Officer at MVIS. “Both hard assets indices are in consistency with the high quality standards applied to all Market Vectors Indices which are specifically built for ETFs. Our pure-play methodology concept offers truly representative exposure to the respective index targets. Sophisticated capping models avoid overconcentration of constituents and offer well diversified indices. The most demanding liquidity screenings ensure that our indices are highly liquid, thus the ideal underlyings for ETFs.”
Market Vectors Global Agribusiness Index and Market Vectors Global Solar Energy Index are calculated as price and total return indices and are reviewed quarterly. Index history is available back to December 2006.
Market Vectors Global Agribusiness Index
Full Market Capitalisation (bn USD): 479.29
Number of Components: 48
Base Date/Base Value: 29.12.2006/1000
Top 5 Companies by Weighting: Syngenta (7.98%), Monsanto (7.98%), Deere & Co (7.08%), Potash Corporation of Saskatchewan (6.57%), Archer-Daniels-Midland (6.00%)
Market Vectors Global Solar Energy Index
Full Market Capitalisation (bn USD): 22.90
Number of Components: 33
Base Date/Base Value: 29.12.2006/1000
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Agribusiness ETF (AMEX: MOO) where we have detected an approximate $55.1 million dollar outflow — that’s a 0.9% decrease week over week (from 105,850,000 to 104,850,000). Among the largest underlying components of MOO, in trading today Monsanto Co. (NYSE: MON) is off about 0.3%, Deere & Co. (NYSE: DE) is up about 0.1%, and Potash Corp. of Saskatchewan Inc. (NYSE: POT) is up by about 1.1%. For a complete list of holdings, visit the MOO Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Agribusiness ETF (AMEX: MOO) where we have detected an approximate $46.1 million dollar outflow — that’s a 0.8% decrease week over week (from 106,700,000 to 105,850,000). Among the largest underlying components of MOO, in trading today Potash Corp. of Saskatchewan Inc. (NYSE: POT) is off about 0.2%, Archer Daniels Midland Co. (NYSE: ADM) is trading flat, and BRF- Brasil Foods S.A. (NYSE: BRFS) is higher by about 0.2%. For a complete list of holdings, visit the MOO Holdings page » …read more
Source: FULL ARTICLE at Forbes Markets
