Van Eck Global Investments Ltd., a subsidiary of Van Eck Global, one of the largest provider of exchange-traded funds (ETFs) in the U.S. and the sponsor of Market Vectors ETFs, has listed its first Market Vectors UCITS ETFs in Europe on the ISE.
The Market Vectors Gold Miners UCITS ETF (GDX) and the Market Vectors Junior Gold Miners UCITS ETF (GDXJ) provide exposure to the global gold mining market and mirror the strategy of their US-listed counterparts. The ETFs launched in London on the 15 of April 2015.
“We chose Ireland – and consequently the listing on the Irish Stock Exchange (ISE) - as the base for our Market Vectors UCITS ETFs because it is one of the leading domiciles for UCITS funds”, said Lars Hamich, CEO at Van Eck Global Europe and Director of Van Eck Global Investments Ltd.
He added, “The introduction of Market Vectors UCITS ETFs is a major step in the continued international expansion of our ETF business and we are excited to provide investors with the opportunity to access the strategy behind two of our most successful US ETFs, both market leaders in their category, through UCITS ETFs”.
