Sign-up to Receive
Our Latest Insights

REMX
VanEck Vectors Rare Earth and Strategic Metals UCITS ETF

Index Description

The MVIS Global Rare Earth/Strategic Metals Index tracks the performance of the global rare earth and Strategic metals segment. The Index includes companies with at least 50% (25% for current components) of their revenues from rare earth / strategic metals or with mining projects that have the potential to generate at least 50% of their revenues from rare earth / strategic metals when developed.

Index Key Points

Underlying Index
MVIS Global Rare Earth/Strategic Metals Index (MVREMXTR)

Index Composition

The MVIS Global Rare Earth/Strategic Metals Index tracks the performance of the global rare earth and Strategic metals segment. The Index includes companies with at least 50% (25% for current components) of their revenues from rare earth / strategic metals or with mining projects that have the potential to generate at least 50% of their revenues from rare earth / strategic metals when developed.

 

Minor Metals/Minerals are listed as – Antinomy, Arsenic, Beryllium, Bismuth, Cadmium, Chromium, Cobalt, Gallium, Germanium, Hafnium, Indium, Lithium, Magnesium, Manganese, Molybdenum, Niobium = Columbium, Rhenium, Selenium, Strontium, Tantalum, Tellurium, Thallium, Titanium, Tungsten, Vanadium, Zircon and Zirconium.

 

Rare Earth Metals / Minerals are listed as – Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium.

 

The MVIS Global Rare Earth/Strategic Metals Index includes “Refiners”, “Recyclers” and “Producers” of rare earth / strategic metals and minerals.

 

Methodology highlights

  • All stocks in the investable universe are sorted in terms of free-float market capitalisation in descending order.
  • Stocks covering the top 85% of the free-float market capitalisation of the investable universe qualify for selection.
  • Existing components between the 85th and 98th percentiles also qualify for the Index.
  • If the coverage is still below 90% or the number of components in the Index is still below 20, the largest remaining stocks will be selected until coverage of at least 90% is reached and the number of stocks equals 20.
  • In case the number of eligible companies is below 20, additional companies are added by the Index Owner’s decision until the number of sticks equals 20.

 

For all corporate events that result in a stock deletion from the Index, the deleted stock will be replaced with the highest ranked non-component on the most recent selection list immediately only if the number of components in the Index would drop below 20. The replacement stock will be added at the same weight as the deleted stock. Only in case the number of components drops below its minimum due to a merger of two or more index components, the replacement stock will be added with its uncapped free-float market capitalisation weight. In all other cases, i.e. there is no replacement, the additional weight resulting from the deletion will be redistributed proportionally across all other index constituents.

 

The Index employs a capping scheme to ensure diversification. All companies are ranked by their free-float market capitalisation. The maximum weight for any single stock is 8%.

 

If a stock exceeds the maximum weight, then the weight will be reduced to the maximum weight and the excess weight shall be redistributed proportionally across all other Index constituents.

 

This process is repeated until no stocks have weights exceeding the respective maximum weight.

 

Download Index Methodology

Index Information
 

  • Index Provider

    MV Index Solutions
  • Index Type

    Total Return
  • Currency

    USD
  • Inception Date

    13 Oct 2010
  • Rebalance Frequency

    Quarterly
  • Bloomberg Ticker

    MVREMXTR
  • Reuters Ticker

    --

Index Top 10 Constituents (%) as of 31 Oct 2021

Total Constituents: 20
Constituent Name
Ticker
Weightings (%)
Zhejiang Huayou Cobalt Co -A
603799 C1
7.31
Liontown Resources Ltd
LTR AU
7.27
Standard Lithium Ltd
SLL CN
7.26
China Northern Rare Earth -A
600111 C1
6.98
Ganfeng Lithium Co Ltd-H
1772 HK
6.19
Lithium Americas Corp
LAC US
6.02
Lynas Rare Earths Ltd
LYC AU
5.62
Orocobre Ltd
ORE AU
5.50
Shenghe Resources Holdings-A
600392 C1
5.37
Tronox Holdings Plc-Class A
TROX US
5.00
Top 10 Total (%) 62.52
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Oct 2021

  • Country

    Weightings (%)
  • China

    33.2
  • Australia

    30.3
  • United States

    14.3
  • Canada

    13.3
  • France

    3.7
  • Netherlands

    3.6
  • Japan

    1.7

Index Sector Weightings (%) as of 31 Oct 2021

  • Sector

    Weightings (%)
  • Materials

    100.0