American Stock Exchange Lists Market Vectors-Agribusiness ETF By Van Eck Global
05 September 2007 - 3:45PM
PR Newswire (US)
First ETF to Track Equity Securities in the Agriculture Industry
NEW YORK, Sept. 5 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that Van Eck Global has launched its
fifth ETF on Amex: Market Vectors-Agribusiness ETF (AMEX:MOO). MOO
aims to track the price and yield performance of the DAXglobal(R)
Agribusiness Index, which is comprised of common stocks and
depository receipts that are listed for trading on major stock
exchanges around the world and involved in the business of
agriculture. MOO components include companies engaged in
agriproduct operations, agricultural chemicals, livestock
operations, agricultural equipment, and ethanol/biodiesel, and
which predominantly derive at least 50% of their total revenues
from such activities. "This new ETF provides investors with access
to opportunities in the growing global agriculture market," said
Scott Ebner, Senior Vice President of the Amex ETF Marketplace.
"Amex and Van Eck enjoy a collaborative commitment to bringing
diverse product offerings to the investing community." Kellogg
Capital Group, LLC is the specialist for MOO. 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 340 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: Bari Trontz of
American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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