Northern Trust Lists Three ETFs on NYSE Arca
- NETS™ ETFs to track AEX-index®, BEL 20®, and Hang Seng China Enterprises Index -
NEW YORK , May 19, 2008 – 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.
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $ 30.9/ € 19.8 trillion in total global market capitalization (as of April 30, 2008 ), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $161.9 / €106.9 billion (as of April 30, 2008 ), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago , has a growing network of 85 offices in 18 U.S. states and has international offices in 13 locations in North America , Europe and the Asia-Pacific region. As of December 31, 2007 , Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$757.2 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.
Northern Trust Global Investments (NTGI)is the trading name for the asset management activities of the entities that belong to the Northern Trust Corporation, a holding company based in Chicago . NTGI offers a full array of active, passive and enhanced products, as well as manager-of-managers programs for alternative and long–only investments. NTGI comprises The Northern Trust Company, Northern Trust Investments, N.A., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., and Northern Trust Global Advisors, Inc. and its subsidiaries. NTGIL and NTGAL are United Kingdom entities which are authorized and regulated in the United Kingdom by the Financial Services Authority.
The Northern Trust Company (http://www.northerntrust.com) is the principal subsidiary of Northern Trust Corporation (NASDAQ: NTRS).