New York (PRWEB) December 9, 2008
The Rogers™-Van Eck Hard Assets Producers Index (TICKER: RVEI) will add six new components, effective 9:00 AM (EST) Monday, December 22, 2008. 40 stocks will be deleted from the index, changing the number of index components to 293. The changes result from the index's quarterly rebalancing.
Four stocks will be deleted from the Rogers™-Van Eck Hard Assets Agricultural Producers Index, changing the number of index components to 45.
15 stocks will be deleted from the Rogers™-Van Eck Hard Assets Energy Producers Index, while 3 stocks will be added, changing the number of index components to 127.
15 stocks will be deleted from the Rogers™-Van Eck Hard Assets Metals Producers Index, while 2 stocks will be added, changing the number of index components to 88.
A complete list of constituent changes is available on the RVE Index Family web site, at:
The Rogers™-Van Eck Hard Assets Producers Index Committee has approved a change in the deletion criteria for companies in all indexes. To be deleted, a company must fall below 60% of the value stated in the inclusion criteria for market capitalization, free float and average daily trading volume. The threshold for deletion had been set at 80% and the new threshold is established to eliminate excessive portfolio turnover.
The Rogers™-Van Eck Hard Assets Producers Index is a capitalization-weighted, float-adjusted index of the most prominent commodity stocks in the world. To be included in the RVEI, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover. The index is divided into six sectors: a) Energy, b) Agriculture, c) Base and Industrial Metals, d) Forest products, e) Precious Metals and f) Alternatives (Renewable Energy and Water).
Detailed information, including constituent data, rules and price information, on the Rogers™-Van Eck Hard Assets Producers Index is available at http://www.rveindexes.com .
Data is also available through most vendors of financial data.
Index: Rogers™-Van Eck Hard Assets Producers Index (USD)
Index: Rogers™-Van Eck Hard Assets Producers Index (EUR)
"Jim Rogers", "James Beeland Rogers, Jr.", "Rogers", are trademarks, service marks and/or registered trademarks of Beeland Interests, Inc., which are owned and controlled by James Beeland Rogers, Jr., and are used subject to license. "S-Network", is a service mark of S-Network Global Indexes LLC. "Van Eck" is a service mark of Van Eck Associates Corporation.