CNBC Video: Too Early to Call Definitive Oil Bottom - January 26, 2015
The hypertext link to this video is provided for informational purposes only. Van Eck Global assumes no liability for the content of any linked sites and materials prepared by third parties, including, without limitation, the accuracy, subject matter, quality or timeliness of the content of such linked sites or materials. The fact that such links have been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Van Eck Global with respect to any linked site or material or their sponsor or author.
By clicking on the link to this video, please be advised that you are not accessing the vaneck.com website, and will be accessing third-party content provided by CNBC.com.
CEO Jan van Eck and CNBC's Bob Pisani
VanEck Vectors Oil Services ETF (OIH): Important Disclosure
An investment in the Fund may be subject to risks which include, among others, volatility of energy prices and company earnings, changes in exchange rates, government regulation, import controls, world events, depletion of resources, alternative energy sources, market, economic social and political risks of the countries where companies do business, natural disasters and adverse weather conditions, extensive regulations, and risks associated with non-U.S. issuers listed on U.S. exchanges, all of which may adversely affect the Fund. Small- and medium-capitalization companies may be subject to elevated risks. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.
VanEck Vectors US Listed Oil Services 25 Index is the exclusive property of MV Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vectors Oil Services ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.
Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.
The “Net Asset Value” (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.
Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.
Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333