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Mark Kennedy

New Benchmarks for MOO and KWT

By January 13, 2013

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Van Eck has announced that two of its ETFs will be getting new indexes as their benchmarks...

KWT, the Market Vectors Solar Energy ETF, will be switching to an internal Market Vectors index. As you may recall, this solar energy ETF reverse split 15-for-1 in July of 2012 and is now getting a new benchmark to boot.

MOO, the Market Vectors Agribusiness ETF, will also be tracking an internal Market Vectors benchmark, which is the Market Vectors Global Agribusiness Index.

The reason behind the index adjustments was to increase activity and liquidity on the funds by improving the benchmarks. Van Eck has done this with over two dozen of their current funds and will probably do it again for other funds in the future. In the meantime, you can check out similar funds on the...

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