American Stock Exchange News Release
www.amex.com |
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| ETF Release |
Media Contact: Bari Trontz |
AMERICAN STOCK EXCHANGE LISTS SPDR LEHMAN HIGH YIELD BOND ETF New Fund Follows U.S. High Yield Corporate Bond Market | ||
New York, December 4, 2007 – The American Stock Exchange® (Amex®) today announced that it has launched trading in the SPDR Lehman High Yield Bond ETF (Amex: JNK) by State Street Global Advisors (SSgA). This new ETF brings the total number of ETF listings on the Amex to 377. “We are pleased to continue to support State Street in building on their extensive family of ETFs,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “We are proud to have been chosen to list this SPDR which is designed to offer investors opportunities in the U.S. high yield corporate bond market.” JNK uses a passive management strategy designed to track the total return performance of the Lehman Brothers High Yield Very Liquid Index which measures the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity. Kellogg Capital Group, LLC is the specialist for JNK and Susquehanna Investment Group will trade options on JNK. | ||
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 377 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.