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"The Amex is proud to be partnering with Barclays to launch the first ETF to track mortgage backed securities,"Â said Scott Ebner, Senior Vice President, Amex ETF Marketplace. "This new ETF product from iShares accommodates a growing demand from investors who are seeking exposure to fixed income assets."Â
MBB tracks the performance of the US investment grade agency mortgage-backed securities sector as defined by the Lehman Brothers US MBS Fixed-Rate Index. The index includes investment grade fixed-rate mortgage-backed pass-through securities of the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA), and Federal Home Loan Mortgage Corporation (FHLMC) that have 30-, 20-, 15-year and balloon securities.
Kellogg Capital Group, LLC was selected as the specialist for MBB and AGS/STR/OTA will trade options on MBB. -- www.amex.com