The new Frankfurt-based subsidiary of Van Eck, the Market Vectors Index Solutions GmbH (MVIS) will develop, market and license the Market Vectors Indices, which currently underlie many of Van Eck Global’s exchange-traded funds.
The take over is effective as of November 30, 2011. 4asset-management is moving all related activities like index maintenance, support and the website to the new venture.
We are looking back on building an index business over three years: Yesterday more than 3,6 bn. USD were benchmarked against the 13 indices we were providing for the Market vectors®. Business development is one of our core competencies.