Innovative Index Designed to Track the Global Passenger Airline Sector
NYSE Euronext Launches NYSE Arca Global Airline Index (AXGAL)
AMSTERDAM , BRUSSELS , LISBON , LONDON , NEW YORK , PARIS , Jan. 14, 2009- NYSE Euronext today announced the publication of the NYSE Arca Global Airline Index (Index Symbol: AXGAL). AXGAL is a modified equal-dollar weighted index designed to track the performance of listed securities in the global passenger airline sector. This is the first NYSE Arca index since NYSE Euronext’s acquisition of the American Stock Exchange, and utilizes the exchange’s recently integrated systems and new business development initiatives.
“We are very pleased to introduce the NYSE Arca Global Airline Index,” said Lisa Dallmer, NYSE Euronext Senior Vice President, Global Index and Exchange Traded Products. “This new index enables investors to measure the performance of leading airline companies, and shows NYSE Euronext’s commitment to bring innovative products to market.”
Tracking the largest and most liquid common stocks and ADRs across various airline companies from developed market country exchanges, AXGAL provides an index to equity returns of the global passenger airline sector. Currently, the index holds 25 constituents from 14 countries with market capitalizations ranging from $750M to over $9B.
The index uses a modified equal-dollar weighting methodology to ensure that each component exposure is constrained for liquidity, size and domicile. The index is rebalanced quarterly effective for open on the last business day based on closing prices on the third to last business day of each February, May, August & November.
Claymore Advisors LLC is licensed to market U.S. investment products based on the NYSE Arca Global Airline Index.
NYSE Arca calculates and maintains over 250 benchmark indices in support of exchange traded products listed on its market. As the largest US exchange for listing and trading ETFs, NYSE Arca is committed to offering investors the most innovative new investment options with superior pricing and market quality.
Background on Exchange Traded products on NYSE Euronext:
NYSE Euronext operates the world's largest Exchange Traded Products (ETP ) marketplace, the leading venue for Exchange Traded Funds (ETF), Notes (ETN ), Vehicles (ETV ) and Warrants and Certificates trading. NYSE Euronext's offering of Exchange Traded Products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 710 primary ETF and ETV listings. Additionally, NYSE Arca lists 85 ETNs, 258 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges (UTP) basis. NYSE Euronext, the leading platform for listing and trading Exchange Traded Products in Europe , has 384 primary ETFs, 73 ETV listings, 1 ETN and lists a total of 17,148 Warrants and Certificates as of the end of November 2008.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of 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.