American Stock Exchange Lists Barclays' iShares S&P National Municipal Bond Fund
10 Settembre 2007 - 3:45PM
PR Newswire (US)
First ETF to Track United States Municipal Bond Sector NEW YORK,
Sept. 10 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today announced that it has launched trading in the iShares S&P
National Municipal Bond Fund (AMEX:MUB) by Barclays Global
Investors (Barclays). "The Amex is proud to be partnering with
Barclays to launch the first ETF to track the U.S. municipal bond
sector," said Scott Ebner, Senior Vice President, Amex ETF
Marketplace. "This new iShares product accommodates a growing
demand from investors who are seeking exposure to a wider array of
fixed income ETF offerings." MUB aims to track the municipal bond
sector of the United States as defined by the S&P National
Municipal Bond Index. The Index includes municipal bonds from
issuers that are primarily state or local governments or agencies
(including the Commonwealth of Puerto Rico and U.S. territories
such as the U.S. Virgin Islands and Guam) such that the interest on
the bond is exempt from U.S. federal income taxes and the federal
alternative minimum tax as determined by the Index Provider in
accordance with its methodology. Each bond must be denominated in
U.S. dollars and have a minimum par amount outstanding of US$ 50
million. Susquehanna Investment Group was selected as the
specialist for MUB. 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 341 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, or Web
site: http://www.amex.com/
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