MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 15, 2007 SSgA Adds Three new Muni-SPDRS to its Product Line SSgA just launched three new SPDRs on the AMEX. (It now offers 353 ETFs on the exchange.) The SPDR Lehman New York Municipal Bond ETF, the SPDR Lehman California Municipal Bond ETF, and the SPDR Lehman Short Term Municipal Bond ETF all began trading today. The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in three new exchange traded funds (ETFs) by State Street Global Advisors (SSgA). These new State Street ETFs bring the total number of ETF listings on the Amex to 353. "We are pleased to be supporting SSgA as they continue to expand their family of ETFs and provide the investing community with new ways to diversify their portfolios," said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. "These products reflect a growing investor interest in the municipal bond market." SPDR Lehman New York Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal New York Index which follows publicly traded New York municipal bonds that cover the U.S. dollar denominated New York tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. SPDR Lehman California Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal California Index which follows publicly traded California municipal bonds that cover the U.S. dollar denominated California tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. SPDR Lehman Short Term Municipal Bond ETF aims to track the Lehman Brothers Managed Money Municipal Short Term Index which follows publicly traded municipal bonds that cover the U.S. dollar denominated short- term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. Kellogg Capital Group, LLC is the specialist for INY, CXA and SHM. About the American Stock Exchange The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 353 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com. Printed from: MFWire.com/story.asp?s=16103 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |