Alternative Energy Equity Index up 20% first 5 months 2007

article from:
http://www.earthtimes.org/articles/show/news_press_release,117349.shtml


NEW YORK, June 5 /PRNewswire/ -- The Ardour Global Index(SM) (Extra Liquid) (AGIXL) rose 2.83 percent in May and gained 19.97 percent in the 5 months ending May 31, 2007.*

AGIXL is a rules based index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry. These companies derive at least 50% of their revenues from the industry. Together, companies in the Index participate in a broad range of alternative energy activities; however, approximately 68% of the Index's components are classified as being in renewable energy (solar, wind, ethanol, bio-fuels, water and geothermal).

AGIXL is calculated using a modified capitalization weighted methodology, adjusted for float. It includes 30 securities and is rebalanced quarterly. The next rebalancing will occur on June 20, 2007.

The Market Vectors -- Global Alternative Energy ETF is an exchange-traded fund that seeks to replicate, as closely as possible before fees and expenses, the price and yield performance of AGIXL. The Fund generally holds all securities that comprise AGIXL in proportion to their weighting in AGIXL.

*Past performance does not guarantee future results. AGIXL's return does not represent the performance of any fund. AGIXL charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in AGIXL.

Please call 1.888.MKT.VCTR or visit http://www.vaneck.com/gex for the most recent month-end performance of Market Vectors-Global Alternative Energy ETF. This information will be available no later than seven business days after the most recent month end.

About the Ardour Global Index (Extra Liquid) (AGIXL)

AGIXL, a trademark of Ardour Global Indexes(SM), LLC, is licensed for use by Van Eck Associates Corporation in connection with the Fund. Ardour Global Indexes(SM), LLC does not sponsor or endorse the Fund and it makes no warranty or representation as to its accuracy and/or completeness or results to be obtained by any person from use of AGIXL in connection with trading of the Fund. The value of AGIXL is disseminated every 15 seconds between the hours of approximately 9:30 a.m. and 4:15 p.m. Eastern Time.

Although Fund shares may be bought and sold in the secondary market through any brokerage account, Fund shares are not individually redeemable from the Fund. Investors may acquire Fund shares and tender them for redemption through the Fund only in large, specified blocks of shares.

The Fund is subject to risks associated with the stock market, index tracking, sector investing, investing in small- or mid-cap companies, replication management, non-diversified investments, absence of prior active market, trading issues, fluctuation of net asset value and risks of investing in alternative energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.

Investors may call 1.888.MKT.VCTR or visit http://www.vaneck.com/gex for a free prospectus. Investors should consider the investment objective, risks, and charges and expenses of Market Vectors-Global Alternative Energy ETF carefully before investing. The prospectus contains this and other information about the Fund. Please read the prospectus carefully before investing.

About Exchange-Traded Funds

ETFs are passively managed baskets of securities that trade in a manner similar to stocks. They have grown in popularity as investment tools because of their relatively low expense ratios and the tax efficiency they offer compared to most mutual funds. Investors can buy and sell ETFs intra-day and they can hold them both long and short, offering the opportunity to prosper from both bear and bull markets.

About Ardour Global Indexes(SM), LLC

Ardour Global Indexes(SM), LLC was founded in 2005 for the express purpose of developing benchmarking tools for the global alternative energy industry. It is a partnership between Ardour Capital Investments(SM), a premier investment bank specializing in alternative energy finance, and S-Network Energy Technologies(SM), LLC, a developer of indexes and investment products focused on both traditional and alternative energy.