American Stock Exchange Launches New Market Vectors Municipal Bond ETF from Van Eck Global
07 Januar 2008 - 6:18PM
PR Newswire (US)
NEW YORK, Jan. 7 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) announced today that it has launched trading in Market
Vectors - Lehman Brothers AMT-Free Long Municipal Index ETF
(AMEX:MLN) by Van Eck Global. The investment objective of MLN is to
replicate as closely as possible, before fees and expenses, the
price and yield performance of the Lehman Brothers AMT-Free Long
Continuous Municipal Index. The Index is a market size weighted
index comprised of publicly traded municipal bonds that cover the
U.S. dollar denominated long term tax exempt bond market. MLN joins
Market Vectors - Lehman Brothers AMT-Free Intermediate Municipal
Index ETF (ITM) as the second Market Vectors municipal ETF trading
on the Amex. Van Eck expects to launch additional municipal ETFs
later this year. "The American Stock Exchange is delighted to
partner with Van Eck Global to bring this important new ETF to the
marketplace," said Scott Ebner, Senior Vice President of the Amex's
ETF marketplace. "Van Eck Global is expanding its family of Market
Vectors ETFs, and the Amex is pleased to have been selected to list
this new product." The specialist for MLN is Kellogg Capital Group,
LLC. About the American Stock Exchange The American Stock
Exchange(R) (Amex(R)) offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 381 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT:
Mary Chung of American Stock Exchange, +1-212-306-1641, Web site:
http://www.amex.com/
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