Market Vectors-Nuclear Energy ETF Launched on American Stock Exchange

  
    
  
  
    
      New York-based asset manager Van Eck Global today launched Market Vectors–Nuclear 
      Energy ETF (NLR), a new exchange-traded fund (ETF), on the American 
      Stock Exchange (Amex). NLR is the first ETF listed in the U.S. that 
      enables U.S. investors to gain exposure to a broad spectrum of companies 
      involved in nuclear energy. Options are expected to be available on NLR.
    
    
      The ETF seeks to replicate as closely as possible, before fees and 
      expenses, the price and yield performance of the DAXglobal® 
      Nuclear Energy Index (DXNE), a basket of the securities of 38 nuclear 
      energy companies listed on global exchanges. The Index returned 45.2 
      percent and 30.8 percent over three- and five-years, respectively* and 
      has a total market capitalization of approximately $110 billion.
    
    
      NLR provides investors with a convenient, low cost means to gain 
      diversified exposure to an industry that helps satisfy the world’s 
      growing need for energy by supplying 16% of the world’s 
      electricity supply and that has potential to double in size by 2030. NLR 
      includes Cameco Corp., Paladin Resources Ltd., and other uranium miners 
      as well as Mitsubishi Heavy Industries Ltd., Kajima Corp., and other 
      nuclear plant builders. Also represented in the Index are companies 
      engaged in uranium enrichment and uranium storage, nuclear fuel 
      transportation, nuclear energy generation and nuclear-related equipment. 
      NLR companies generally derive at least 50% of their revenue from 
      nuclear energy. NLR’s total net expense ratio 
      is 0.65%.
    
    
      “The world’s need 
      for energy is expected to grow along with the global economy. If nuclear 
      energy maintains its current share of world electricity production, the 
      nuclear energy industry could double in size by 2030. If it increases 
      its share, which we think is likely, it will grow even faster. We think 
      nuclear energy will assume an increasingly important role as a source of 
      alternative energy,” said Jan van Eck, 
      Principal at Van Eck Global. “As the first 
      ETF listed in the U.S. to target the global nuclear energy industry, we 
      believe that NLR will appeal to investors looking for a convenient means 
      to gain exposure to that industry.”
    
    
      “The DAXglobal® 
      Nuclear Energy Index was created to reflect the performance of the 
      global nuclear energy industry,” said 
      Angelika Weinfurtner of the Deutsche Börse 
      AG. “We look forward to working with Van Eck 
      to bring the Index before a wider audience through the introduction of 
      Market Vectors–Nuclear Energy ETF.”
    
    
      Founded in 1955, Van Eck Global was among the first U.S. money managers 
      helping investors achieve greater diversification through global 
      investing. The company managed over $6 billion in assets for 
      individuals, insurers and institutional investors, as of July 31, 2007. 
      NLR is the sixth ETF introduced under Van Eck’s 
      Market Vectors brand. The other five are: Environmental Services (Amex: 
      EVX), Global Alternative Energy (NYSE: GEX), Gold Miners (Amex: GDX), 
      Russia (NYSE: RSX) and Steel (Amex: SLX). These ETFs have a total of 
      over $1 billion in assets under management as of 7/31/2007.
    
    
      The Fund is subject to various risks including those associated with 
      making investments in nuclear energy companies such as restrictive 
      regulations, accidents, breaches of security, ill-intentioned acts or 
      terrorism, air crashes, natural disasters, equipment malfunctions or 
      mishandling in storage, handling, transportation, treatment or 
      conditioning of substances and nuclear materials.
    
    
      Past performance does not guarantee future results. The 
      returns of DXNE or of any index do not represent the performance of any 
      ETF. DXNE does not charge any fees, including management fees or 
      brokerage expenses, and no such fees or expenses were deducted from the 
      performance described. You cannot invest directly in an index.
    
    
      *All performance information for DXNE covering the period prior to July 
      16, 2007 is based on hypothetical, back-tested data. Prior to that date, 
      the Index was not calculated in real time by an independent calculation 
      agent. Hypothetical back-tested performance has inherent limitations and 
      is not indicative of future results. No representation is being made 
      that any investment will achieve performance similar to that shown.
    
    
      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.
    
    
      About Van Eck Global
    
    
      The firm has a 50+ year tradition of offering global investment choices 
      in hard assets, emerging markets, precious metals including gold, and 
      other specialized asset classes. Van Eck Global’s 
      investment products are designed for investors seeking innovative 
      choices for portfolio diversification. They are often categorized in 
      asset classes having returns with low correlations to those of more 
      traditional U.S. equity and fixed income investments.
    
    
      About Deutsche Börse AG
    
    
      Deutsche Börse Group offers more than a 
      marketplace for trading shares and other securities. It is a transaction 
      services provider with advanced technology to afford companies and 
      investors access to global capital markets.
    
    
      Deutsche Börse has a broader basis than any 
      of its competitors. Its product and services mix cover the entire 
      process chain: securities and derivatives trading, transaction 
      settlement, provision of market information as well as the development 
      and operation of electronic trading systems. With its process-oriented 
      business model, Deutsche Börse increases 
      capital markets efficiency. Issuers benefit from low capital costs and 
      investors enjoy the advantages of high liquidity and low transaction 
      costs.
    
    
      The DAXglobal® 
      Nuclear Energy Index (DXNE) is a trademark of the Deutsche Börse 
      AG which is licensed for use by Van Eck Associates Corporation in 
      connection with NLR. Deutsche Börse neither 
      sponsors nor endorses NLR and it makes no warranty or representation as 
      to the accuracy and/or completeness of the Index or the results to be 
      obtained by any person from the use of the Index in connection with the 
      trading of NLR.
    
    
      About the American Stock Exchange
    
    
      The American Stock Exchange® 
      (Amex®) offers 
      trading across a full range of equities, options and exchange traded 
      funds (ETFs), including structured products and HOLDRSSM. 
      In addition to its role as a national equities market, the Amex is the 
      pioneer of the ETF, responsible for bringing the first domestic product 
      to market in 1993. Leading the industry in ETF listings, the Amex lists 
      337 ETFs to date. The Amex is also one of the largest options exchanges 
      in the U.S., trading options on broad-based and sector indexes as well 
      as domestic and foreign stocks.
    
    
      Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/etf 
      for a free prospectus or for the performance information current to the 
      most recent month end for each Market Vectors ETF. Investors 
      should consider the investment objective, risks and charges and expenses 
      carefully before investing. Each Market Vectors ETF 
      prospectus contains this and other information. Please 
      read the relevant prospectus carefully before investing. There are risks 
      associated with investing including the possible loss of principal.
    
    
      Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, 
      NY 10016