Van Eck has reduced the expense ratio on five of its Market Vectors ETFs, effective immediately until May 1, 2012, Index Universe reports. The expense cap on the Market Vectors Africa Index ETF will be 0.78%, while for the Market Vectors Brazil Small Cap ETF it will be 0.62%. The fee of the Market Vectors Junior Gold Miners ETF will be reduced to 0.56%, the Market Vectors RVE Hard Assets Producers ETF fee will be 0.59% and 0.60% for the Market Vectors Uranium + Nuclear Energy ETF. The lower caps will result in lower operating expenses of the funds.
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