New York-based asset manager Van Eck Global launches Market Vectors-Agribusiness ETF (MOO).

New York-based asset manager Van Eck Global launches Market Vectors-Agribusiness ETF (MOO), a new exchange-traded fund (ETF) listed on the American Stock Exchange (Amex).

MOO seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal Agribusiness Index (DXAG), a basket of the securities of 40 agribusinesses listed on global exchanges. As of August 31, 2007, DXAG returned approximately 40.3% and 35.4 % over three- and five-years, respectively. Companies in DXAG predominantly derive at least 50% of their revenue from agribusiness.