The International Securities Exchange (ISE) announced today that it received the "Most Proactive Exchange, ETF Derivatives" award at the 7th Annual Global ETF Awards® Dinner and Workshop on April 14, 2011. Hosted by exchangetradedfunds.com, the Global ETF Awards are given to ETF industry participants for outstanding achievements in 2010. Winners were determined by voting forms returned from over 480 organizations worldwide.
"ISE is honored to receive this prestigious recognition from exchangetradedfunds.com," said Kris Monaco, Head of New Product Development at ISE. "We look forward to expanding ISE's participation in the ETF industry with our unique approach to creating indexes that serve as investment templates for innovative ETFs and structured products."
Aggregate assets under management for the ten ETFs based on ISE's indexes is over $1.7 billion. First Trust Advisors offers eight ETFs based on ISE's indexes: the First Trust ISE-Revere Natural Gas Index Fund (FCG), the First Trust ISE Global Wind Energy Index Fund (FAN), the First Trust ISE Chindia Index Fund (FNI), the First Trust ISE Water Index Fund (FIW), the First Trust ISE Global Engineering and Construction Index Fund (FLM), the First Trust BICK Index Fund (BICK), the First Trust ISE Global Copper Index Fund (CU) and the First Trust Global Platinum Index Fund (PLTM). Direxion offers two ETFs based on the ISE-Revere Natural Gas Index: The Direxion Daily Natural Gas Related Bull 2x Shares (FCGL) and the Direxion Daily Natural Gas Related Bear 2x Shares (FCGS).
For information, please visit www.ise.com/etf.