American Stock Exchange Lists Market Vectors-Lehman Brothers AMT-Free Short Municipal ETF by Van Eck
February 26 2008 - 11:06AM
PR Newswire (US)
NEW YORK, Feb. 26 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that Van Eck Global has launched its
seventh ETF on the Exchange: Market Vectors-Lehman Brothers
AMT-Free Short Municipal ETF (AMEX:SMB). "We enjoy continuing a
partnership with Van Eck as they add new products to their growing
family of ETFs," said Scott Ebner, Senior Vice President of the
Amex ETF Marketplace. "SMB provides investors with exposure to
investment-grade municipal bonds." SMB aims to track the Lehman
Brothers AMT-Free Short Continuous Municipal Index, a market size
weighted index comprised of publicly traded municipal bonds that
cover the U.S. dollar denominated short term tax exempt bond
market. 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 SMB. 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 380 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: The American Stock Exchange CONTACT: Bari Trontz of
American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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