American Stock Exchange Launches WisdomTree International Real Estate Fund
June 05 2007 - 10:59AM
PR Newswire (US)
New Exchange Traded Fund Tracks Performance of the International
Real Estate Sector NEW YORK, June 5 /PRNewswire/ -- The American
Stock Exchange(R) (Amex(R)) announced today that it has launched
trading in the WisdomTree International Real Estate Fund (AMEX:DRW)
by WisdomTree Trust ("Wisdom Tree"). DRW seeks to track the price
and yield performance of the WisdomTree International Real Estate
Index. The index measures the performance of real estate companies
in developed markets outside of the U.S. and Canada that pay
regular cash dividends on shares of common stock. Companies
included in the Index must be incorporated in one of 16
developed-market European countries, Japan, Hong Kong, Singapore,
Australia, or New Zealand, and must be listed on a major securities
exchange in one of those countries. The Index includes real estate
operating companies, real estate development companies, diversified
REITs, and companies that may be classified as Passive Foreign
Investment Companies (PFICs). "The Amex is pleased to partner with
WisdomTree as they launch another important new ETF on the
Exchange," said Scott Ebner, Senior Vice President of the ETF
Marketplace. "DRW provides investors with access to the global
diversification and income opportunities available in the
international real estate sector." Kellogg Capital Group, LLC has
been selected as the specialist for DRW. 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 315 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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