NYSE Euronext (NYX) today announced the listing of the PowerShares Emerging Markets Infrastructure Portfolio ETF (NYSE Arca: PXR) on NYSE Arca. The ETF will track the S-Network Emerging Infrastructure Builders Index.
The fund will normally invest at least 80% of its total assets in securities of companies involved in the following sectors related to infrastructure construction and development in emerging market countries: 1) construction and engineering; 2) construction machinery; 3) construction materials; 4) diversified metals and mining; 5) heavy electrical equipment; 6) industrial machinery; and 7) steel. The underlying index currently includes the securities of approximately 67 companies traded in Australia, Brazil, Canada, Chile, China, France, Hong Kong, India, Indonesia, Israel, Malaysia, Mexico, the Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the U.S.
Background on NYSE Arca-Listed ETFs and ETNs
Exchange traded products listed on NYSE Arca represent 59% of ETF and ETN assets under management in the U.S., nearly $353 billion, the most of any exchange. As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 83% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN marketplace offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 294 primary ETFs, 79 ETNs and 17 certificates and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs.
