NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the JETS Dow Jones Islamic Market International Index Fund under the ticker symbol “JVS.” The ETF is sponsored by Javelin Investment Management, LLC.
JETS Dow Jones Islamic Market International Index Fund (the “Fund”) is a series of the Javelin Exchange-Traded Trust. The Fund states that it employs a "passive management"--or indexing--investment approach designed to track the performance of the Dow Jones Islamic Market International Titans 100 IndexSM. As its primary strategy, the Fund states that it generally attempts to replicate the performance of the target index by investing all or substantially all of its assets in the securities that make up the target index, holding each security in approximately the same proportion as its weighting in the target index.
