American Stock Exchange Lists Two New ProShares ETFs
26 October 2007 - 3:53AM
PR Newswire (US)
New Funds Offer Inverse and Leveraged Inverse Exposure to
International Indexes NEW YORK, Oct. 25 /PRNewswire/ -- The
American Stock Exchange(R) (Amex(R)) today announced that it has
launched trading in the two new exchange traded funds by ProShare
Advisors LLC (ProShares). ProShares now offers investors a choice
of 54 ETFs, all of which are listed on the Amex. "As the global
leader in ETF listings, we place the highest importance on bringing
innovative new opportunities to investors," said Scott Ebner,
Senior Vice President of the Amex ETF Marketplace. "We are pleased
to have been selected to list these new products, which are the
first to offer inverse and leveraged inverse exposure to
international indexes." Short MSCI EAFE ProShares (AMEX:EFZ) aims
to seek investment results, before fees and expenses, that
correspond to the inverse (opposite) of the daily performance of
the MSCI EAFE Index. UltraShort MSCI EAFE ProShares (AMEX:EFU) aims
to seek investment results, before fees and expenses, that
correspond to twice (200%) the inverse (opposite) of the daily
performance of the MSCI EAFE Index. The MSCI EAFE Index consists of
the following 21 developed market country indices: Australia,
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong
Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway,
Portugal, Singapore, Spain, Sweden, Switzerland and the United
Kingdom. The Index includes companies with capitalizations between
$437 million and $234 billion. The average capitalization of the
companies comprising the Index was approximately $12 billion.
Susquehanna Investment Group is the specialist for EFZ and EFU.
About the American Stock Exchange The American Stock Exchange(R)
(Amex(R)) offers trading across a full range of equities, options
and exchange traded funds (ETFs), including structured products and
HOLDRS(SM). 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 362 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. For more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange CONTACT: Bari Trontz of
American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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