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Products January 5, 2011
Van Eck Rebrands Nuclear Energy ETF
Van Eck Global has changed the name of its nuclear energy
exchange-traded fund (ETF) to Market Vectors Uranium+Nuclear Energy ETF.
Reported by Fred Schneyer
A news release said the new name was selected to communicate to investors the relative weight of the uranium mining sub-sector among the seven nuclear energy sub-sectors represented in the DAXglobal Nuclear Energy Index. The Fund’s ticker symbol, NLR, remains unchanged.
Launched in August 2007, NLR seeks to replicate, before fees and expenses, the price and yield performance of the Index. In addition to companies engaged in uranium mining, the fund offers exposure to companies involved with uranium enrichment, uranium storage, equipment for nuclear energy generation, nuclear plant infrastructure, nuclear fuel transportation and nuclear energy generation.