-Designed to track the CAC 40® Index, Hang Seng Index, and TOPIX® Index -
Northern Trust Lists First ETFs on NYSE Arca
NEW YORK , April 16, 2008 – NYSE Euronext (NYX), a global leader in ETF and ETN listings and trading, today announced the launch of three of Northern Trust’s Northern Exchange Traded Shares™ (NETS ™) ETF products. NYSE Arca-listed ETFs and ETNs represent 56% of the nearly $609 billion in assets under management in the U.S. , the most of any exchange.
The funds launched today on NYSE Arca are part of Northern Trust’s NETS ™ suite of ETFs, which are the first ETFs designed to offer exposure for US investors to international equity indexes by tracking the following major foreign market indexes:
NETS ™ CAC 40® Index Fund (France ): The NETS ™ CAC 40® Index Fund (France) trades under the ticker symbol FRC , which seeks to measure the performance of the French equities market. The Index consists of 40 stocks selected from the 100 largest market capitalization companies with the most actively traded stocks on the French market of NYSE Euronext.
NETS ™ Hang Seng Index Fund (Hong Kong ): The NETS ™ Hang Seng Index Fund (Hong Kong ) trades under the ticker symbol HKG, which seeks to measure the performance of the Hong Kong equities market. The Index is a free-float adjusted market capitalization-weighted index with a 15% cap on individual stock weights consisting of stocks of the largest companies traded primarily on the Stock Exchange of Hong Kong.
NETS ™ TOPIX® Index Fund (Japan ): The NETS ™ TOPIX Index Fund (Japan ) trades under the ticker symbol TYI, which seeks to measure the performance of the Japanese equities market. The Index consists of over 1,500 stocks of the largest Japanese companies traded primarily on the Tokyo Stock Exchange.
"Today's NETSTM listings include the first three ETFs to offer exposure for US investors to the CAC 40â Index, Hang Seng Index, and TOPIXâIndex, each of which are attractive investment tools for buy and hold investors complementing their current ability to trade index futures on NYSE Liffe and other exchange listed index derivatives" said Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. "We are pleased to grant investors direct access to international equity securities and welcome the first of several Northern Exchange Traded SharesTM products to join the NYSE Arca roster.”
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 258 primary ETF and 43 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs. For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed.
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $27.3 / €17.3 trillion in total global market capitalization (as of March 31, 2008), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $169.6 / €113.2 billion (as of March 31, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.