Frankfurt (29 September 2021) – MV Index Solutions GmbH (MVIS®) today announced the licensing of the MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) to VanEck Europe underlie a UCITS ETF.
The MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) tracks the performance of the largest and most liquid companies in the global rare earth and strategic metals segment. Its unique pure-play approach requires that companies have to generate at least 50% of their revenue from rare earth and strategic metals or from mining projects that have the potential to generate at least 50% of their revenue from rare earth/strategic metal when developed. The index includes refiners, recyclers, and producers of rare earth strategic metals and minerals.
“The recent increased demand for rare metals, for example, for the electric vehicle industry, made this industry boom,” said Thomas Kettner, COO at MV Index Solutions. “We are glad to announce the index has been licensed to underlie another fund in Europe,” he continued.
The MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) is weighted by free float market capitalisation and is calculated in USD as a price index and a total return net index and reviewed on a quarterly basis. Capping factors are applied to avoid overweighting of single index components. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.