NYSE Euronext (NYX ) today announced the launch of three additional Northern Trust's Northern Exchange Traded Shares (NETS) ETF products. As an industry leader in ETF and ETN listings and trading, such products listed on NYSE Arca represent 56% of ETF and ETN assets under management in the U.S. , nearly $613 billion, the most of any exchange.
The funds launched today on NYSE Arca are part of Northern Trust's NETS suite of ETFs, which are designed to offer exposure for U.S. investors to international equity indexes by tracking the following major foreign market indexes:
NETS AEX-index Fund (NYSE Arca: AEX ) – This ETF is designed to track the AEX-index, a price-weighted index consisting of shares of the 25 leading companies listed on Euronext Amsterdam.
NETS BEL 20 Index Fund (NYSE Arca: BRU ) - Designed to track the BEL 20, BRU seeks to provide investment results of the publicly traded securities listed on the Euronext Brussels.
NETS Hang Seng China Enterprises Index Fund (NYSE Arca: SNO ) – Designed to track the Hang Seng China Enterprises Index, SNO is a free-float adjusted capitalization-weighted stock market index of Chinese enterprises traded primarily on the Hong Kong Stock Exchange.
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry's fastest and most innovative trading tools to access liquidity. Including today's listings, NYSE Arca has 262 primary ETF and 57 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs. For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed. -- www.nyse.com
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