Market Vectors Emerging Markets USD High Yield Bond ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, the price and yield performance of The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index. The index is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market issuers that are rated BB1 or lower. It may concentrate its investments in a particular industry or group of industries to the extent that the index concentrates in an industry or group of industries. As of Apr 30 2013, the Fund's total assets were $248,789,142 and its investment portfolio was valued at $242,838,727. We show 115 historical shares outstanding datapoints in our HYEM shares outstanding history coverage, used to compute HYEM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HYEM market cap history over the course of time is important for investors
interested in comparing HYEM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HYEM versus a peer is one thing; comparing
HYEM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HYEM can fluctuate over the course of history.
With this page we aim to empower investors researching HYEM by allowing them to research the HYEM market cap history. |
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Video: The Importance of Market Cap
