Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NYSE Has Began Trading Six Additional ETFs

Date 02/08/2002

The New York Stock Exchange today started trading six additional ETFs: iShares 1-3, 7-10, and 20+ Lehman Treasury Index Funds; iShares GS $ InvesTopTM Corporate Bond Fund; iShares MSCI Japan Index Fund; and the Vanguard Total Stock Market VIPERs. All six ETFs begin trading on the basis of unlisted trading privileges (UTP).

The move supports the NYSE's goal to build scale in the ETF arena by trading the most-active ETF products on a UTP basis. With the addition of the six ETFs, the NYSE now trades a total of 37 ETFs and related products. Together, these products account for 94% of ETF trading volume in the U.S.

  • Fixed Income iShares are portfolios of bonds that can be bought and sold throughout the trading day like shares of stock. These bond-based ETFs enable investors to purchase a basket of bonds with one transaction.
  • iShares Lehman 1-3 Year Treasury Bond Fund (SHY): seeks results that correspond generally to the price and yield performance, (before fees and expenses), of the short-term sector of the United States Treasury market defined by the Lehman Brothers 1-3 Year Treasury index (the "Index"). The index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of between 1 and 3 years.
  • iShares Lehman 7-10 Year Treasury Bond Fund (IEF): seeks results that correspond generally to the price and yield performance (before fees and expenses) , of the intermediate-term sector of the United States Treasury market as defined by Lehman Brothers 7-10 Year Treasury Index (the "Index"). The index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of between 7 and 10 years.
  • iShares Lehman 20+ Year Treasury Bond Fund (TLT): seeks results that correspond generally to the price and yield performance , (before fees and expenses), of the long-term sector of the United States Treasury market as defined by the Lehman Brothers 20+ Year Treasury Index (the "Index"). The index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity greater than 20 years.
  • iShares GS $ InvesTopTM Corporate Bond Fund (LQD): seeks investment results that correspond to the performance of the corporate bond market as defined by the GS $ InvesTopTM Index. The fund invests in highly liquid, investment-grade, corporate bonds that are U.S. dollar denominated.
  • iShares MSCI Japan Index Fund (EWJ): Designed to track the performance of the MSCI Japan Index. The index consists of stocks representing Japan's largest and most established public companies.
  • Vanguard Total Stock Market VIPERs (VTI): Seeks investment results that parallel the performance of the Wilshire 5000 Total Market Index. The Wilshire 5000 is the broadest index for the US equity market, measuring the performance of all US headquartered equity securities with readily available price data.

The New York Stock Exchange (NYSE) is the world's leading and most technologically-advanced equities market. The NYSE is by far the world's largest market, and more capital is raised at the NYSE than in any other equities market. The Exchange is home to nearly 2,800 companies whose total global market capitalization exceeds $15 trillion. NYSE-listed companies-including 468 non-U.S. from 52 countries-range from "blue chip," to many of the world's leading technology companies, and young, high-growth enterprises. A broad spectrum of market participants, including listed companies, individual investors, institutional investors and member firms, create the NYSE agency auction market. Buyers and sellers meet directly in a fair, open and orderly market to realize the best possible price through the interplay of supply and demand. On an average day, more than 1.3 billion shares, whose value exceeds $42 billion, trade on the NYSE.