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Assets for ETFs based on ISE indices now exceed USD1bn


The International Securities Exchange says aggregate assets under management for the portfolios of exchange-traded funds based on ISE’s proprietary indices now exceed USD1bn.

First Trust Advisors has a portfolio of eight ETFs based on ISE’s family of emerging market and sector indices that track public companies in high growth markets.

Sectors covered include natural gas, global wind energy, water, global engineering and construction services, copper mining, and platinum group metals mining.

In addition, First Trust Advisors has developed ETFs that track ISE’s CHIndia index that represents the emerging markets of China and India, as well as ISE’s BICK Index that covers Brazil, India, China and South Korea.

Direxion has also created two leveraged ETFs based on ISE’s natural gas index.

"Reaching USD1bn assets under management for ETFs tied to ISE’s indexes is a very exciting milestone. We look forward to continuing to work with our existing partners and to developing new relationships to grow the Index and ETF segment of our business even further," says Kris Monaco, director of new product development at ISE. "At ISE, we remain focused on developing innovative, actionable indexes for the creation of investment vehicles that provide investors with targeted exposure to the most liquid exchange-listed companies in rapidly growing markets." 

"It’s exciting for First Trust that our group of ISE index-based ETFs continues to grow and give investors exposure to these high-growth sectors," adds Robert F. Carey, chief investment officer of First Trust. "As the ETF market has grown, it’s clear to us that many investors are focusing on efficient ways to access specialised segments of the market. This milestone proves that."

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