iShares MSCI Kuwait ETF (AMEX:KWT)
Historical Stock Chart
From May 2019 to May 2024
The Chicago Board Options Exchange®
(CBOE®) has
launched trading in options on Market Vectors-Solar Energy ETF (KWT), an
exchange-traded fund. KWT options began trading on May 12.
The options trade on the January expiration cycle with initial
expiration months of June, July, October and January. Strike prices
range from 35 to 45 in one-point intervals. Position limits have been
set at 2,500,000 shares. The Designated Primary Market Maker is Group
One Trading, LP.
KWT seeks to replicate as closely as possible, before fees and expenses,
the price and yield performance of the Ardour Solar Energy IndexSM
(Bloomberg ticker: SOLRX), the pure-play leader in tracking the global
solar energy industry. SOLRX includes only those companies that generate
at least 66% of their revenues from solar energy. On an index-weighted
basis, its constituents derive well over 90% of their revenues from
solar energy. The Index was launched in April 2008 and includes many
companies of global prominence—such as First
Solar, Q Cells and Renewable Energy.
SOLRX is published by Ardour Global Indexes, LLCSM
and is a member of the Ardour FamilySM of
Alternative Energy Indexes, which serve as leading alternative energy
industry benchmarks.
KWT shares trade on the American Stock Exchange®
(Amex®). Van Eck
Associates Corporation is the investment adviser for KWT.
About the Chicago Board Options Exchange®
CBOE®, the
largest U.S. options marketplace and creator of listed options, is
regulated by the Securities and Exchange Commission (SEC). Since
founding the listed options business in 1973, CBOE®
has been the leader in options volume every single year. In 2007, CBOE®
options contract volume reached an all-time record of more than 944
million contracts. For more information on the CBOE®,
please visit www.cboe.com.
About the Ardour Solar Energy IndexSM
(SOLRX)
The Ardour Solar Energy IndexSM is a
rules-based, modified global-capitalization-weighted, float-adjusted
index intended to give investors an efficient means of tracking the
overall performance of a global universe of listed companies engaged in
the solar industry. The Index is weighted based on the market
capitalization of each of the component stocks, modified to conform to
various asset diversification requirements, which are applied in
conjunction with the scheduled quarterly adjustments to the Index. Index
values are calculated on both a price-only and total-return basis.
About Ardour Global Indexes, LLCSM
Ardour Global Indexes, LLCSM was founded
in 2005 for the express purpose of developing bench-marking tools for
the global alternative energy industry. It is a partnership between
Ardour Capital Investments, LLC, a premier investment bank specializing
in alternative energy finance, and S-Network Energy Technologies, LLC, a
developer of indexes and investment products focused on both traditional
and alternative energy.
Ardour Global Indexes, LLCSM and Ardour Solar
Energy IndexSM are service marks of Ardour
Global Indexes, LLCSM and have been licensed
for use by Van Eck Associates Corporation in connection with Market
Vectors–Solar Energy ETF (KWT). KWT is not
sponsored, endorsed, sold or promoted by Ardour Global Indexes, LLCSM
and Ardour Global Indexes, LLCSM makes no
representation regarding the advisability of investing in the KWT. The
Ardour Solar Energy IndexSM is calculated by
Dow Jones Indexes. Van Eck’s Market Vectors–Solar
Energy ETF (KWT), based on the Ardour Solar Energy IndexSM,
is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and
Dow Jones Indexes makes no representation regarding the advisability of
investing in KWT.
About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S.
money managers helping investors achieve greater diversification through
global investing. Today the firm continues the 50+ year tradition by
offering global investment choices in hard assets, emerging markets,
precious metals including gold, and other specialized asset classes.
Market Vectors exchange-traded products have been offered by Van Eck
Global since 2006 when the firm launched the nation’s
first gold mining ETF. Today, Market Vectors ETFs and ETNs span several
asset classes, including equities, municipal bonds and currency markets.
Van Eck Global also offers mutual funds, insurance trust funds, separate
accounts and alternative investments. Designed for investors seeking
innovative choices for portfolio diversification, Van Eck Global’s
investment products are often categorized in asset classes having
returns with low correlations to those of more traditional U.S. equity
and fixed income investments.
KWT is subject to risks associated with the stock market, index
tracking, sector investing, investing in small- or mid-cap companies,
foreign investments, replication management, non-diversified
investments, absence of prior active market, trading issues, fluctuation
of net asset value and risks of investing in solar energy investments.
Because of their narrow focus, sector investments tend to be more
volatile than investments that diversify across many sectors and
companies.
Fund shares are not individually redeemable and will be issued and
redeemed at their NAV only through certain authorized broker-dealers in
large, specified blocks of shares called “creation
units” and otherwise can be bought and sold
only through exchange trading. Creation units are issued and redeemed
principally in kind.
Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/kwt
for a free prospectus. They should consider the investment
objective, risks, and charges and expenses of Market Vectors-Solar
Energy ETF carefully before investing. The prospectus contains this and
other information about KWT. Please read the prospectus carefully before
investing.
Please call 1.888.MKT.VCTR or visit www.vaneck.com/kwt
for the most recent month-end performance of Market Vectors-Solar Energy
ETF. This information will be available no later than seven business
days after the most recent month end.