is spreading the love among the stock exchanges of New York this week: after launching 17 new ETFs on the American Stock Exchange
Thursday, on Friday it brought three new ETFs to the New York Stock Exchange
. This trio of ETFs -- one made up of stocks from China and India, one built around stocks of companies involved in natural gas, and one focusing on stocks of the water industry -- are modified cap-weighted funds that track indexes developed by the International Securities Exchange
New York, May 11, 2007 – NYSE Euronext (NYSE Euronext: NYX) subsidiary, NYSE Group, Inc. today announced that three First Trust ETFs listed and began trading on NYSE Arca. The funds seek to track the performance of indexes developed by the International Securities Exchange (NYSE: ISE) in consultation with Standard & Poor’s.
First Trust ISE ChIndia Index Fund (NYSE Arca: FNI)
The ISE ChIndia Index is a modified market capitalization weighted portfolio of 50 stocks that is a benchmark for investors interested in the share performance of companies from the emerging markets of China and India .
First Trust ISE-Revere Natural Gas Index Fund (NYSE Arca: FCG) The ISE-Revere Natural Gas Index is a modified market capitalization weighted portfolio of 30 stocks that derive a substantial portion of their revenues from the exploration and production of natural gas. Eligible candidates are screened to optimize the performance of the Index and to ensure its correlation to the price to natural gas.
First Trust ISE Water Index Fund (NYSE Arca: FIW)
The ISE Water Index is a modified market-cap weighted portfolio of 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industries.
"We are pleased to bring these listings to NYSE Arca," said Dan Waldron, Senior Vice President of First Trust Advisors L.P. "At First Trust, we are dedicated to providing a wide range of investment products to help broaden investors' financial opportunities. Companies in the management of water resources and exploration and production of natural gas resources should continue to benefit from the expansion of emerging markets,” Mr. Waldron said. "We believe that China and India are poised to lead the developing world in economic growth, because nearly 40% of the total global population resides in these two countries."
“We believe that our portfolio of innovative sector and emerging market indexes provides a unique opportunity for investors to gain exposure to these targeted segments. The launch of First Trust’s ETFs is an initial step to broaden the reach of our index products beyond options trading, and we plan to continue our efforts to expand our index product offerings,” said Gary Katz, ISE’s Chief Operating Officer.
“NYSE Arca is proud to add these dynamic new products to our growing list of ETFs,” said Senior Vice President, Indexes and ETFs, Lisa Dallmer . “We are thrilled to welcome First Trust to our growing list of ETF issuers at NYSE Group. Our ETF listings represent $279 billion dollars in assets under management, the largest exchange group for ETFs by market capitalization. Through NYSE Arca, we are pleased to offer investors fast and efficient trading tools for access to these innovative new products.”
Including today’s listings, NYSE Group markets have 189 primary ETF listings and trade all other eligible ETFs on a UTP basis. In first-quarter 2007, NYSE Group handled 45% of all ETF shares traded in the U.S. market. As the largest exchange group for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext Registration Statement (document de base) filed with the French Autorité des Marchés Financiers (Registered on November 30, 2006 under No. 06-0184), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
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