Market Vectors Index Solutions GmbH (MVIS – www.marketvectorsindices.com)
today introduced the Market Vectors US Treasury-Hedged High Yield Bond
Index (MVTHHY) expanding MVIS’s current bond index exposure consisting
of Market Vectors Renminbi Bond Index and Market Vectors US Investment
Grade Floating Rate Index.
“After years and years of declining US interest rates, many investors
have begun to contemplate what to do when the tide turns and interest
rates rise”, said Lars Hamich, CEO at MVIS. “We therefore believe that
the Market Vectors US Treasury-Hedged High Yield Bond Index benchmarks a
segment of particular interest to investors. The combination of long and
short components results in an index that tracks the marriage of these
two investment goals: participation in high yield and interest rate
Market Vectors US Treasury-Hedged High Yield Bond Index tracks the
performance of long positions in below-investment grade corporate bonds
denominated in US Dollars and an equivalent US Dollar amount of short
positions in US Treasury notes. Bonds in the long position must have
below-investment grade ratings. Included in the index are only
securities that have a minimum of 12 months remaining to maturity, a
fixed coupon schedule and a minimum amount outstanding of
500 million US Dollars. The index includes bonds where the issuer of the
bonds is incorporated in the United States. Market Vectors US
Treasury-Hedged High Yield Bond Index is calculated as Total Return
Index and is rebalanced monthly.
Detailed information about Market Vectors US Treasury-Hedged High Yield
Bond Index and the full range of Market Vectors Indices, including
methodology details and comprehensive data are available on www.marketvectorsindices.com.
Note to Editors
About Market Vectors Index Solutions GmbH (MVIS).
Market Vectors Index Solutions develops, monitors and licenses the
Market Vectors Indices, a selection of focused, investable and
diversified benchmark indices. The indices are especially designed to
underlie financial products. Market Vectors Indices cover several asset
classes, including hard assets and international equity markets as well
as fixed income markets and are licensed to serve as underlying indices
for financial products. Approximately USD 8.7 billion in assets under
management are currently invested in financial products based on Market
Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates
Corporation (also known as Van Eck Global).