Index provides investors with focused exposure to the Polish equity market

On October 16, 2009, 4asset-management launched the Market Vectors Poland indices (Price index ticker: MVPLND; Total Return ticker: VEMVPLND). These indices cover either some of the largest and most liquid companies listed and head-quartered in Poland or companies generating the majority of their revenues in Poland. Both indices are calculated in real-time on the S-BOX platform.

Poland is one of the major players in central Europe. The country has made a successful transition from centrally-planned to a market-based economy. The Polish domestic economy is largely driven by resilient local consumption trends.

The indices are comprised of currently 26 Polish companies that meet size, liquidity and tradability requirements. The indices are free float-adjusted and modified market cap-weighted with no single stock accounting for more than 8.0% of the index. Currently the weighted average market capitalisation of the indices’ constituents is $5.252 million.

The indices provide a well-diversified exposure with Large-Cap companies representing 35.8% of the index, Mid-Cap companies 44.1% and Small-Cap companies 20.1%. The top five companies in the index, by weight are: Bank Pekao (8.6%), PKO Bank Polski (8.2%), KGHM Polska Miedz (7.3%), Telekominukacja Polska (6.8%) and PKN Orlen (5.9%). A complete list of holdings is provided below. (All data as of October 14, 2009).

Performance ytd until Sept 30, 2009 has been stunning +38%.

To be eligible for inclusion in the Market Vectors Poland Index, companies must either be incorporated in Poland and have their primary listing in Poland or generate at least 50% of their revenues in Poland. Each eligible stock must have a full market capitalisation of at least $150 million; a three-month average daily trading volume of at least $1 million and their stock must have traded at least 250,000 shares per month over the last six months.

The largest countries by weight in the index are Poland (91.0%), United States (4.6%) and the Portugal (4.4%). The largest five sectors by weight are Financials (40.4%), Energy (13.0%), Industrials (11.1%), Consumer Staples (9.0%) and Materials (7.3%).

The indices are reviewed quarterly and changes will be implemented and based on the closing prices of the third Friday of every quarter-end month (i.e. March, June, September and December).

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