NEW YORK, Dec. 10 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in the Vanguard Extended Duration Treasury ETF (AMEX:EDV). With the addition of this new fund, Vanguard now offers investors 34 ETFs, all of which are listed on the Amex.
EDV is designed to track the performance of the Lehman Brothers Treasury STRIPS 20-30 Year Equal Par Bond Index which includes zero-coupon U.S. Treasury securities (Treasury STRIPS) with maturities ranging from 20 to 30 years. A Treasury STRIP represents a single coupon payment, or a single principal payment, from a U.S. Treasury security that has been "stripped" into separately tradable components.
"Amex is proud to support Vanguard, a recognized leader in the ETF space, as they continue to add to their family of fixed income ETFs," said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. "EDV is the first ETF to provide investors with exposure to a portfolio of long duration zero- coupon Treasury STRIPS."
Kellogg Capital Group, LLC is the specialist for EDV. Susquehanna Investment Group will trade options on the product.
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 www.amex.com.
Source: American Stock Exchange