American Stock Exchange News Release
www.amex.com |
|
| ETF Release |
Media Contact: Bari Trontz |
AMERICAN STOCK EXCHANGE LISTS BARCLAYS’ iSHARES® iBOXX $ HIGH YIELD CORPORATE BOND FUND First High Yield Corporate Bond ETF Launches on the Amex | ||
New York, April 11, 2007 — The American Stock Exchange® (Amex®) today announced that it has launched trading in the iShares iBoxx $ High Yield Corporate Bond Fund (Ticker: HYG) by Barclays Global Investors (Barclays). “The Amex is proud to be partnering with Barclays to launch the first high yield corporate bond ETF,” said Scott Ebner, Senior Vice President, Amex ETF Marketplace. “The introduction of HYG provides investors with another diversification tool for their portfolios.” HYG tracks the performance of the U.S. dollar high yield corporate bond market as defined by the iBoxx $ Liquid High Yield Index. The index is designed to provide a balanced representation of the U.S. dollar-denominated high yield corporate bond market through some of the most liquid high yield corporate bonds available. There are typically 50 issues in the index. Goldman Sachs Execution & Clearing, LP was selected as the specialist for HYG and Susquehanna Investment Group will trade options on HYG. | ||
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. 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 286 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.