Market Vectors Renames Its Municipal Bond ETFs

  
    
  
  
    
      New York-based asset manager Van Eck Global today announced that it is 
      shortening the names of its Market Vectors municipal bond 
      exchange-traded funds (ETFs), effective today, as follows:
    
    
      
        
          Former Name
        
        
           
        
        
          New Name
        
      
      
        
          Market Vectors–Lehman Brothers AMT-Free 
          Long Municipal Index ETF
        
        
        
        
          Market Vectors–Long Municipal Index ETF
        
      
      
        
          Market Vectors–Lehman Brothers AMT-Free 
          Intermediate Municipal Index ETF
        
        
        
        
          Market Vectors–Intermediate Municipal 
          Index ETF
        
      
      
        
          Market Vectors–Lehman Brothers AMT-Free 
          Short Municipal Index ETF
        
        
        
        
          Market Vectors–Short Municipal Index ETF
        
      
    
    
      The Lehman indexes group continues to provide the indexes underlying the 
      Funds, and the investment objectives and policies of the Funds remain 
      unchanged.
    
    
      The Market Vectors family of municipal bond ETFs offers a unique set of 
      benefits for investors seeking to access the tax advantages of the 
      municipal market: a choice of short, intermediate and long national muni 
      portfolios; relatively low-fee Funds that are diversified, transparent, 
      tax efficient, liquid and AMT-free; and historically higher yields 
      relative to cash equivalents and many similar muni products.
    
    
      Van Eck’s Market Vectors ETFs include hard 
      assets, international, specialty and municipal bond Funds. Market 
      Vectors ETFs had a total of $4.8 billion in assets under management as 
      of September 30, 2008.
    
    
      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 that 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.
    
    
      Municipal bonds are subject to risks related to litigation, 
      legislation, political changes, local business or economic conditions, 
      conditions in underlying sectors, bankruptcy or other changes in the 
      financial condition of the issuer, and/or the discontinuance of the 
      taxation supporting the project or assets or the inability to collect 
      revenues for the project or from the assets. Municipal bonds are also 
      subject to credit risk, interest rate risk, call risk, lease obligations 
      and tax risk. The market for municipal bonds may be less liquid than for 
      taxable bonds. There is no guarantee that a Fund’s 
      income will be exempt from federal or state income taxes. Federal or 
      state changes in income or alternative minimum tax rates or in the tax 
      treatment of municipal bonds may make them less attractive as 
      investments and cause them to lose value. Capital gains, if any, are 
      subject to capital gains tax. The Funds may loan their securities, which 
      may subject them to additional credit and counterparty risk. For a more 
      complete description of these and other risks, please refer to the Funds’ 
      prospectus.
    
    
      The Lehman Brothers AMT-Free Intermediate Continuous Municipal Index, 
      AMT-Free Long Continuous Municipal Index and AMT-Free Short Continuous 
      Municipal Index are trademarks of Lehman Brothers, Inc. and have been 
      licensed by Van Eck Associates Corporation for use in connection with 
      its family of municipal bond ETFs. Lehman Brothers neither sponsors nor 
      endorses this family of ETFs and makes no warranty or representation as 
      to the accuracy and/or completeness of the indexes or the results to be 
      obtained by any person from the use of the indexes in connection with 
      the trading the ETFs.
    
    
      Fund shares are not individually redeemable and will be issued and 
      redeemed at their net asset value (“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. Shares may 
      trade at a premium or discount to their NAV in the secondary market.
    
    
      Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/muni 
      for a free prospectus. They should consider the investment objective, 
      risks and charges and expenses of each Fund carefully before investing. 
      The prospectus contains this and other information about the Funds. 
      Please read the Funds’ prospectus 
      carefully before investing.
    
    
      Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, 
      NY 10016