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American Stock Exchange captured 65 per cent of US ETF listings in 2007

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The American Stock Exchange set a new record for listing of exchange-traded funds in 2007 with 179 new ETFs from 14 issuers, accounting for 65 per cent of the market, the exchange announce

The American Stock Exchange set a new record for listing of exchange-traded funds in 2007 with 179 new ETFs from 14 issuers, accounting for 65 per cent of the market, the exchange announced in its report on the past year.

‘The American Stock Exchange has continued to provide its customers with innovative and diversified investment opportunities and unparalleled personal service,’ says chairman and chief executive Neal Wolkoff. ‘Our commitment to a strategic vision that incorporates disciplined business planning, execution and ongoing performance measurement will ensure our future success.’

The Amex continued to be the global leader in ETF listings, a product category it pioneered in 1993. The listing of 179 new funds in the Amex ETF Marketplace represented a 95 per cent increase from the previous year and enabled the exchange to close 2007 with a total of 380 ETFs and USD250bn in assets.

The US ETF industry’s leading issuers continued to use the Amex to list new commodity, fixed income and domestic and international equity products. Returning issuers included Claymore Securities, Deutsche Bank, First Trust Advisors, iShares, PowerShares Capital Management, ProShares Advisors, Rydex Investments, State Street Global Advisors, Van Eck Global, Vanguard Group and Victoria Bay Asset Management.

The exchange also attracted three new issuers in 2007. Ameristock and Spa ETF selected the Amex to launch their first US funds, with the products representing the UK-based issuer’s first foray into the US marketplace to build on its family of funds already offered in Europe. WisdomTree Investments also listed its first products on the Amex.

‘The ETF market expanded rapidly in 2007 and the outlook for 2008 is full of exciting new prospects for continued growth,’ says Amex ETF Marketplace senior vice-president Scott Ebner. ‘As the pioneer of the category, ETFs are very much a part of the Amex identity and we place the highest priority on supporting issuers, educating investors, and helping to grow the ETF market.’

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