VanEck S&P/ASX MidCap ETF (ASX:MVE)

VanEck S&P/ASX MidCap ETF is an exchange traded fund launched by Market Vectors Investments Limited. The fund is managed by Van Eck Associates Corporation. It invests in public equity markets of Australia. The fund seeks to invest in the stocks of companies operating in the resources sector, which include companies involved in the physical energy commodities such as coal, oil, gas and uranium, related services and equipment such as drilling, pipelines, storage and transportation, power generation and renewable energy, mining and resources such as iron ore, coal, precious metals and other minerals and mining related services and equipment such as drilling, explosives, transportation and producers of mining machinery. It invests in the stocks of small-cap companies, with market capitalization of above US $150 million. The fund seeks to replicate the performance of the Market Vectors Australia Junior Energy & Mining Index, by investing in the stocks of companies as per their weightings in the index. It was formerly known as VanEck Vectors S&P/ASX Midcap ETF. VanEck S&P/ASX MidCap ETF was formed on October 14, 2013 and is domiciled in Australia.