Market vectors francis rodilosso on ford motor's return toinvestment grade status

"While concerns remain,particularly with regard to the company's pension liabilities, Fordnonetheless stands as an excellent example of a 'Fallen Angel'regaining its investment grade status." Until yesterday, Ford was one of the larger names in the FallenAngel segment of the corporate high-yield bond market, whichcurrently accounts for approximately 15 percent of the U.S. dollardenominated high-yield bond universe. "We believe Ford is certainly not alone in being well-positioned toshed its Fallen Angel status, as many issuers in this categorystill retain the capital structure that they had in place when theyfirst earned investment grade status," continued Mr. Rodilosso."That, combined with other positive factors, could potentially makecertain Fallen Angels more likely to be upgraded in the future." Mr. Rodilosso joined the Market Vectors team earlier this yearbringing with him more than 20 years of senior level experience inemerging market, high-yield debt research and portfolio management.

Mr. Rodilosso currently co-manages three Market Vectors high-yieldcorporate bond ETFs, Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), International High Yield Bond ETF (NYSE Arca: IHY) and themost recent addition to this fund family, Emerging Markets HighYield Bond ETF (NYSE Arca: HYEM). Van Eck Associates Corporation does not provide tax, legal oraccounting advice. Investors should discuss their individualcircumstances with appropriate professionals before making anydecisions. This information should not be construed as sales ormarketing material or an offer or solicitation for the purchase orsale of any financial instrument, product or service.

Please note that the information herein represents the opinion ofthe author and these opinions may change at any time and from timeto time. Not intended to be a forecast of future events, aguarantee of future results or investment advice. Current marketconditions may not continue. Non-Van Eck Global proprietaryinformation contained herein has been obtained from sourcesbelieved to be reliable, but not guaranteed. About Market Vectors ETFs Market Vectors exchange-traded products have been offered since2006 and span many asset classes, including equities, fixed income(municipal and international bonds) and currency markets.

TheMarket Vectors family currently totals $25.1 billion in assetsunder management, making it the fifth largest ETP family in theU.S. and eighth largest worldwide as of March 31, 2012. Market Vectors ETFs are distributed by Van Eck Global. Founded in1955, Van Eck Global was among the first U.S.

money managershelping investors achieve greater diversification through globalinvesting. Today, the firm continues this tradition by offeringinnovative, actively managed investment choices in hard assets,emerging markets, precious metals including gold, and otheralternative asset classes. Van Eck Global has offices around theworld and manages approximately $34.8 billion in investor assets asof March 31, 2012. There are risks involved with investing in ETFs, including possibleloss of money.

Shares are not actively managed and are subject torisks similar to those of stocks, including those regarding shortselling and margin maintenance requirements. Ordinary brokeragecommissions apply. Debt securities carry interest rate and creditrisk. Interest rate risk refers to the risk that bond pricesgenerally fall as interest rates rise and vice versa. Credit riskis the risk of loss on an investment due to the deterioration of anissuer's financial health.

The Funds' underlying securities may besubject to call risk, which may result in the Funds having toreinvest the proceeds at lower interest rates, resulting in adecline in the Funds' income. The Funds, as they invest in high yield securities, may also besubject to a greater risk of loss of income and principal thanhigher rated securities. The prices of high yield securities arelikely to be more sensitive to adverse economic changes orindividual issuer developments than higher rated securities. Thesecondary market for high yield securities may be less liquid thanthe market for higher quality securities and, as such, may have anadverse effect of market prices of certain securities. As the Fundmay invest in securities denominated in foreign currencies and someof the income received by the Fund will be in foreign currency,changes in currency exchange rates may negatively impact the Fund'sreturn.

Investments in emerging markets securities are subject toelevated risks which include, among others, expropriation,confiscatory taxation, issues with repatriation of investmentincome, limitations of foreign ownership, political instability,armed conflict and social instability. Investors should be willingto accept a high degree of volatility and the potential ofsignificant loss. For a more complete description of these andother risks, please refer to the.

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