NYSE Euronext is delighted to announce the launch of the new ETFX AMX® Fund and the commercial launch of the ETFX AEX® Fund by ETF Exchange (ETFX) and Rabobank International. The new Exchange Traded Funds (ETFs) allow investors to ….
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participate in the return on shares of Dutch multinationals and Midcap companies. Both ETFs are based on indices created, calculated and broadcasted by NYSE Euronext.
As a result of their listing and trading on the NYSE Euronext regulated market, the ETFX AEX® Fund and ETFX AMX® Fund offer investors flexible, liquid, secured, transparent and economical exposure to the returns of the Dutch Blue Chip and Midcap companies.
“The commercial launch of these two ETFs on the leading local indices by ETF Exchange and the Rabobank marks another milestone in the ETF offering and promotion in the Netherlands. It will meet the existing and future strong demand of both institutional and retail investors”, said Pedro Fernandes, European Head of ETFs at NYSE Euronext.
“ETFX are delighted to be working with Rabobank International in their first milestone launch of local Dutch ETFs. They offer an easy and efficient way for investors to gain exposure to the underlying indices whilst also being UCITS compliant, all through the purchase of a single security,” said Jason Kennard, COO of ETF Exchange (Europe) Ltd.
Matthew Carr, Head of ETF Marketing at Rabobank International, added: “The launch of these two Dutch focused Exchange Traded Funds signifies Rabobank’s continued commitment to our domestic clients, to ETFX as an ETF issuing platform and to the ETF market as a whole. We are dedicated to expanding our ETF business, with this being the first step. In the near future, we will be looking to develop our ETF offering by launching a series of innovative trackers that gives both Institutional and Retail Investors simple, transparent and cost effective sustainable exposure to global markets, a core driver for both Rabobank and the greater investor community.”
NYSE Euronext is one of the leading venues for Exchange Traded Funds. The ETF segment of NYSE Euronext continues to grow on its European and US markets. There are now a total of 572 listings of 502 ETFs on NYSE Euronext’s European markets with an average daily turnover of €385.8 million. So far this year, 109 new ETF listings have occurred. In November 2010, on average 9604 transactions were executed per day in these products, an increase of 19.5 % compared to November 2009.
ETFs are also increasingly popular in the Dutch market. The turnover on the ETF market in the Netherlands from January-November has grown with 32,6% compared to the same period last year. Currently there are 101 ETFs listed in Amsterdam with total assets under management (AUM) of € 50.9 billion.
ETFs or Trackers are open-end investment funds listed on a stock exchange and tradable in the same way as an individual security. An ETF closely follows or tracks a particular benchmark index, seeking to replicate the performance of the index and offering flexible, low-cost exposure to entire markets or market segments in just one easy transaction. They also combine the simplicity of equities with the diversified risk of investment funds. A further benefit is the low level of management fees associated with this type of passive investment.
Quelle: ETFWorld – Euronext
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