EDV is designed to track the performance of the Lehman Brothers Treasury STRIPS 20-30 Year Equal Par Bond Index which includes zero-coupon U.S. Treasury securities (Treasury STRIPS) with maturities ranging from 20 to 30 years. A Treasury STRIP represents a single coupon payment, or a single principal payment, from a U.S. Treasury security that has been “stripped” into separately tradable components.
“Amex is proud to support Vanguard, a recognized leader in the ETF space, as they continue to add to their family of fixed income ETFs,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “EDV is the first ETF to provide investors with exposure to a portfolio of long duration zero-coupon Treasury STRIPS.”
Kellogg Capital Group, LLC is the specialist for EDV. Susquehanna Investment Group will trade options on the product. -- www.amex.com
Posted December 14th, 2007 by ruzik_tuzik
