ISE Announces That Aggregate Assets under Management for ETFs Based on ISE Proprietary Indexes Now Exceeds $1 Billion
December 20 2010 - 11:00AM
Business Wire
The International Securities Exchange (ISE) announced today that
aggregate assets under management for the portfolios of exchange
traded funds (ETFs) based on ISE’s proprietary indexes now exceeds
$1 billion. First Trust Advisors has a portfolio of eight ETFs
based on ISE’s family of emerging market and sector indexes that
track public companies in high growth markets. Sectors covered
include natural gas, global wind energy, water, global engineering
and construction services, copper mining, and platinum group metals
mining. In addition, First Trust Advisors has developed ETFs that
track ISE’s ChIndia index that represents the emerging markets of
China and India, as well as ISE’s BICK Index that covers Brazil,
India, China and South Korea. Direxion has also created two
leveraged ETFs based on ISE’s natural gas index.
“Reaching $1 billion assets under management for ETFs tied to
ISE’s indexes is a very exciting milestone. We look forward to
continuing to work with our existing partners and to developing new
relationships to grow the Index and ETF segment of our business
even further,” said Kris Monaco, Director of New Product
Development at ISE. “At ISE, we remain focused on developing
innovative, actionable indexes for the creation of investment
vehicles that provide investors with targeted exposure to the most
liquid exchange-listed companies in rapidly growing markets.”
“It’s exciting for First Trust that our group of ISE index-based
ETFs continues to grow and give investors exposure to these
high-growth sectors,” said Robert F. Carey, CFA, and Chief
Investment Officer of First Trust. “As the ETF market has grown,
it’s clear to us that many investors are focusing on efficient ways
to access specialized segments of the market. This milestone proves
that.”
“We congratulate ISE on passing the $1 billion milestone. We
value our relationship with them, and are consistently impressed by
their robust index construction in focused industries such as
natural gas and clean energy,” said Mark Carroll, Director of
Research at Direxion.
First Trust Advisors offers eight ETFs based on ISE’s
proprietary indexes: the First Trust ISE-Revere Natural Gas Index
Fund (FCG), the First Trust ISE Global Wind Energy Index Fund
(FAN), the First Trust ISE ChIndia Index Fund (FNI), the First
Trust ISE Water Index Fund (FIW), the First Trust ISE Global
Engineering and Construction Index Fund (FLM), the First Trust BICK
Index Fund (BICK), the First Trust ISE Global Copper Index Fund
(CU) and the First Trust Global Platinum Index Fund (PLTM).
Direxion offers two ETFs based on the ISE-Revere Natural Gas
Index: The Direxion Daily Natural Gas Related Bull 2x Shares (FCGL)
and the Direxion Daily Natural Gas Related Bear 2x Shares
(FCGS).
ISE also offers options on certain index and ETF products within
the First Trust and Direxion portfolios, as outlined in the table
below.
For more information about First Trust Advisors’ ETFs, please
visit www.ftportfolios.com. For more information about the Direxion
leveraged indexes, visit www.direxionfunds.com. For information
about ISE’s proprietary indexes, please visit
www.ise.com/index.
Index
ETF Index Name
Symbol Options
Symbol Options ISE
BICKTM Index BIQ
BICK ISE Engineering
& ConstructionTM Index CVL
FLM
ISE-Revere Natural GasTM Index FUM
Yes FCG
FCGL
FCGS
Yes
Yes
Yes
ISE Global Wind EnergyTM Index GWE
FAN Yes ISE
WaterTM Index HHO Yes
FIW Yes
ISE ChIndiaTM Index
ICK
FNI Yes ISE Global CopperTM Index
ISC
CU Yes ISE Global PlatinumTM Index
ORE PLTM
Yes
About ISE
The International Securities Exchange (ISE) operates a leading
U.S. options exchange and offers options trading on over 2,000
underlying equity, ETF, index, and FX products. As the first
all-electronic options exchange in the U.S., ISE transformed the
options industry by creating efficient markets through innovative
market structure and technology. Regulated by the Securities and
Exchange Commission (SEC) and a member-owner of The Options
Clearing Corporation (OCC), ISE provides investors with a
transparent marketplace for price and liquidity discovery on
centrally cleared options products. ISE continues to expand its
marketplace through the ongoing development of enhanced trading
functionality, new products, and market data services. As a
complement to its options business, ISE has expanded its reach into
multiple asset classes through strategic investments in financial
marketplaces and services that foster technology innovation and
market efficiency. Through minority investments, ISE participates
in the securities lending and equities markets. ISE also licenses
its proprietary Longitude technology for trading in event-driven
derivatives markets.
ISE is a wholly owned subsidiary of Eurex, a leading global
derivatives exchange. Eurex itself is jointly operated by Deutsche
B�rse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex
and ISE are the global market leader in individual equity and
equity index derivatives. For more information, visit
www.ise.com.
About First Trust
Based in Wheaton, Illinois, First Trust Advisors L.P., and its
affiliate First Trust Portfolios L.P., are privately-held companies
which provide a variety of investment services, including asset
management, financial advisory services, and municipal and
corporate investment banking. The firms have collective assets
under management or supervision of over $39 billion (as of November
30, 2010) through exchange-traded funds, closed-end funds, unit
investment trusts, collective trusts, mutual funds, and separately
managed accounts.
For more information, please visit www.ftportfolios.com.
About Direxion
Direxion Funds/Direxion Shares, managed by Rafferty Asset
Management, LLC, is a major provider of leveraged index funds and
ETFs and alternative-class fund products for investment advisors
and sophisticated investors who seek to effectively manage risk and
return in both bull and bear markets. Founded in 1997, the company
has approximately $7.5 billion in assets under management. The
company’s business model is built on continuous product innovation,
exceptional customer service and a commitment to building strategic
relationships with distribution partners.
For more information, please visit www.direxionfunds.com or
www.direxionshares.com.
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