Price Weighting And Diversification Helps NYSE Arca Tech 100 Index Stay Ahead - A 5.88% Increase In April 2007

NYSE Euronext today announced that through a combination of price weighting and a multi-industry approach to technology, the NYSE Arca Tech 100 Index maintained diversification and kept large-cap stocks from exhibiting outsized influence on Index returns.  As a result, the Index turned in a 5.88% gain for the month of April, and 6.77% year to date return as of April 30^th.

The top 10 stocks in the Index by weight represent 24% of the Index’s total weight.  This is less than competing indexes which are market cap weighted, and typically have 40 – 60% of their index influenced by just 10 stocks.  In addition, the NYSE Arca Tech 100 Index uses a broader definition of technology to capture opportunities that don’t exist in the traditional tech sectors of computer hardware, software, internet and telecom.  The multi-industry approach recognizes technology is pervasive in biotech, healthcare and aerospace industries, just to name a few.

Top Ten Largest Weights:

Top Ten April ‘07 Performers:

  “We are very pleased with the performance of the NYSE Arca Tech 100 Index,” said NYSE Euronext Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “The Index’s unique price weighting sets it apart from other indexes, offering more diversification surpassing others in its class.”

A widely recognized benchmark for the technology sector, the NYSE Arca Tech 100 Index with 25 years of history, tracks 100 technology-related common stocks and ADRs, all listed on U.S. exchanges.

The Index currently is licensed to the NYSE Arca Tech 100 ETF (symbol NXT), a series of the Ziegler Exchange Traded Trust.  Brian K. Andrew, President of Ziegler Exchange Traded Trust and Ziegler Capital Management, LLC, believes the Index has weathered market cycles well, “It is a 25 year old index, so there is real history for advisors to examine in various market environments, rather than broad back tested data.” Based on the Index, the NYSE Arca Tech 100 ETF’s unique multi-industry spectrum offers a diversified approach to technology investing and provides investors with access to growing and cutting edge companies. 

Currently, NYSE Group has 190 primary ETF listings and trade all other eligible ETFs on a UTP basis.  In first quarter 2007, NYSE Group handled 45% of all ETF shares traded in the U.S. market.  As the largest exchange group for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.