Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

First ETFs Based On NYSE Indexes Complete First Day Of Trading - iShares NYSE 100 Index Fund Trades More Than 1.5 Million Shares

Date 02/04/2004

The iShares NYSE 100 Index Fund (NYSE:NY) and the iShares NYSE Composite Index Fund (NYSE:NYC) began trading today, becoming the first ETFs to be based on NYSE-branded indexes. Both funds are sponsored by Barclay's Global Investors (BGI) and give investors access to the quality and diversity of NYSE issuers in a single trade. In its first day, the iShares NYSE 100 traded actively, with volume of more than 1.5 million shares. The iShares NYSE Composite fund traded 28,000 shares.

"We're excited to see the initial interest that investors have had in these products," said Catherine Kinney, NYSE President and Co-COO. "We think today's volume is a reflection of the quality of our listed companies and the Exchange's brand."

The NYSE Composite Index® is designed to measure the performance of all the common stocks, ADRs, real estate investment trusts (REITs), and tracking stocks listed on the NYSE and represents 66 percent of the global market capitalization. The NYSE U.S. 100 Index™ tracks the largest 100 U.S. companies, based on market capitalization, on the NYSE. It accounts for 46 percent of the total U.S. market cap. The management fees for the iShares NYSE Composite Index Fund and the iShares NYSE 100 Index Fund are 0.25% and 0.20%, respectively.