American Stock Exchange Lists Market Vectors-Lehman Brothers AMT-Free Intermediate Municipal Index ETF by Van Eck Global
December 06 2007 - 11:54AM
PR Newswire (US)
NEW YORK, Dec. 6 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that Van Eck Global has launched its
sixth ETF on the Exchange: Market Vectors-Lehman Brothers AMT-Free
Intermediate Municipal Index ETF (AMEX:ITM). "This new ETF provides
investors with exposure to investment-grade municipal bonds," said
Scott Ebner, Senior Vice President of the Amex ETF Marketplace.
"Amex and Van Eck share a collaborative commitment to bringing a
variety of innovative financial instruments to the marketplace."
ITM aims to track the Lehman Brothers AMT-Free Intermediate
Continuous Municipal Index which is a market size weighted index
comprised of publicly traded municipal bonds that cover the U.S.
dollar denominated intermediate term tax exempt bond market. It is
a total return benchmark designed for high quality and
tax-efficient investments. The Index has four main sectors: state
and local general obligation bonds, revenue bonds, insured bonds,
and pre-refunded bonds. Kellogg Capital Group, LLC is the
specialist for ITM. 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 379 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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