Index provides investors with focused exposure to the small-cap Latin-America equity markets

4asset-management has launched the Market Vectors Latin-America Small-Cap Price Return (ticker: MVLATM) and Market Vectors Latin-America Small-Cap Total Return indices. The indices invest in small-capitalisation companies listed in freely investable markets primarily in Latin America. They are calculated real-time on the Structured-Solutions platform. The Index is calculated with the stock prices converted to U.S. Dollars.

MVLATM is a rules-based index intended to give investors a means of tracking the overall performance of companies that are domiciled and primarily listed in Latin America or offshore listings outside the continent that are expected to generate at least 50% of their revenues in Latin America.

MVLATM will include only common stocks and stocks with similar characteristics. Companies covering the top 90% of the full market capitalisation are excluded.

Any stocks which have had 10 or more non-trading days in a three month period prior to a quarterly review are eligible for inclusion in the index. The index is free-float adjusted – the number of shares outstanding is reduced to exclude closely held shares from the index calculation. In addition, stocks must meet strict size and liquidity requirements, e.g. a full market capitalisation larger than USD 150 million, a three months average-daily-trading volume of at least USD 1 million and a monthly trading volume of at least 250,000 shares over the last six months.