News Releases

 
NETS Tokyo Stock Exchange REIT Index Fund ETF Lists on NYSE Arca First-Ever Dedicated Japanese REIT ETF Coming to US Market Lists On NYSE Arca


NEW YORK , Sept. 8, 2008 –NYSE Euronext (NYX) today announced that Northern Exchange Traded Shares (NETS) Trust listed the NETStm Tokyo Stock Exchange REIT Index Fund on NYSE Arca. 

This is the first-ever ETF linked to a Japanese Real Estate Investment Trust (REIT) to come to the US markets.   The NETStm Tokyo Stock Exchange REIT Index Fund joins NYSE Arca under the ticker symbol “JRE”.

"We welcome NETS™ Tokyo Stock Exchange REIT Index Fund to NYSE Arca," said Lisa M. Dallmer, SVP, Global Index and Exchange Traded Products, NYSE Euronext. "As the world’s leading, most international exchange group listing NETS funds, offering our venue to NETS and the NETS product strategy brings investors another opportunity to look beyond home-country bias and extend their portfolio to international investing."

Peter K. Ewing, head of Northern Trust Global Investment’s ETF business, said: "This latest launch extends the NETS™ product line to include a key benchmark for another important asset class. Japanese real estate represents over 10% of the investment opportunities in the global real estate market."

As an industry leader in ETF and ETN listings and trading, exchange traded products listed on NYSE Arca represent 55% of ETF and ETN assets under management in the U.S. , nearly $591 billion, the most of any exchange.

Background about NETStm Tokyo Stock Exchange REIT Index Fund (NYSE Arca: JRE)

The NETStm Tokyo Stock Exchange REIT Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly-traded real estate investment trusts (REITs) in the aggregate in the Japanese market, as represented by the Tokyo Stock Exchange REIT index.

The underlying index is a free-float adjusted market capitalization-weighted index consisting of stocks of all the REITS traded primarily on the Tokyo Stock Exchange and is calculated using the same methodology used for the calculation of the Tokyo Stock Price Index (TOPIX). As of Aug. 11, 2008, the underlying index’s three largest stocks were Nippon Building Fund, Inc., Japan Real Estate Investment Corporation and Nomura Real Estate Office Fund, Inc. The fund uses a representative sampling strategy in seeking to track the underlying index.

Northern Trust Global Investments comprises Northern Trust Investments, N.A., Northern Trust Global Investments Ltd., Northern Trust Global Investments Japan, K.K., the investment adviser division of The Northern Trust Company and Northern Trust Global Advisors, Inc. and its subsidiaries to offer investment products and services to personal and institutional markets.

 

Background on NYSE Arca-Listed ETFs and ETNS:

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 listing, NYSE Arca has 271 primary ETF and 80 ETN listings and trades all other eligible ETFs on a UTP-basis.  In 2007, NYSE Arca added 101 new ETFs and ETNs to its roster of primary listings, including a record 80 IPOs. 

 

About Northern Trust:

Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago , has a growing network of 85 offices in 18 U.S. states and has international offices in 15 locations in North America, Europe and the Asia-Pacific region. As of June 30, 2008, Northern Trust had assets under custody of US$4.0 trillion, and assets under investment management of US$751 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.

 

Northern Trust Global Investments (NTGI)is the trading name for the asset management activities of the entities that belong to the Northern Trust Corporation, a holding company based in Chicago . NTGI offers a full array of active, passive and enhanced products, as well as manager-of-managers programs for alternative and long–only investments.  NTGI comprises The Northern Trust Company, Northern Trust Investments, N.A., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., and Northern Trust Global Advisors, Inc. and its subsidiaries. NTGIL and NTGAL are United Kingdom entities which are authorized and regulated in the United Kingdom by the Financial Services Authority.

 

About NETStm funds:

NETS Trust, a Maryland business trust, is a registered investment company that currently consists of 18 separate investment portfolios. The funds are:

 

AEX                      NETS™ AEX-index® Fund (The Netherlands )

AUS                      NETS™ S&P/ASX 200 Index Fund (Australia )

BRU                     NETS™ BEL 20® Index Fund (Belgium )

DAX                     NETS™ DAX® Index Fund (Germany )

FRC                      NETS™ CAC40® Index Fund (France )

HKG                    NETS™ Hang Seng Index Fund (Hong Kong )

IQE                       NETS™ ISEQ 20™ Index Fund (Ireland )

ITL                        NETS™ S&P/MIB Index Fund (Italy )

JNB                       NETS™ FTSE/JSE Top 40 Index Fund (South Africa )

JRE                        NETS™ Tokyo Stock Exchange REIT Index Fund (Japan )

LDN                     NETS™ FTSE 100 Index Fund (United Kingdom )

LIS                        NETS™ PSI 20® Index Fund (Portugal )

SGT                      NETS™ FTSE Singapore Straits Times Index Fund

SNO                     NETS™ Hang Seng China Enterprises Index Fund

TAV                     NETS™ TA-25 Index Fund (Israel )

TYI                       NETS™ TOPIX® Index Fund (Japan )

 

 

 

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, includes 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.  As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group.  NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of June 30, 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 and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com.



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyx.com