American Stock Exchange Launches New IPOX-100 Index Exchange Traded Fund by First Trust Advisors, L.P.

The First ETF to Track U.S. IPOs 


NEW YORK, April 13  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in the First Trust IPOX-100 Index Fund (SYMBOL: FPX), the first exchange traded fund (ETF) that tracks initial public offerings (IPOs) in the U.S.

"We believe this ETF provides financial advisors and their clients with a simple and convenient way to capitalize on U.S. IPOs," said Dan Waldron, Vice President of ETF Product Development at First Trust Advisors L.P. "We're delighted to have great strategic partners in IPOX Schuster LLC, Goldman Sachs, The Bank of New York, and the American Stock Exchange in the launch of our third ETF."

The First Trust IPOX-100 Index Fund seeks investment results that correspond generally to the price and yield of the U.S. IPOX-100 Index.

"We are excited to welcome First Advisors L.P. back to the Amex for their third ETF listing," said Cliff Weber, Senior Vice President of the ETF Marketplace at the Amex. "The First Trust IPOX-100 Index Fund provides a unique investment opportunity and we are proud to have partnered with First Trust Advisors L.P. to bring this innovative product to the marketplace."

The U.S. IPOX-100 Index is a modified value-weighted price index measuring the performance of the top 100 companies ranked quarterly by market capitalization in the U.S. IPOX Composite Index.  The U.S. IPOX-100 Index utilizes a 10% capping on all constituents and includes the 100 largest, and typically most liquid IPOs in the U.S. IPOX Composite Index.

The specialist for the First Trust IPOX-100 Index Fund is Goldman Sachs Execution and Clearing LP.

About the American Stock Exchange

The American Stock Exchange(R) (Amex(R)) is the only primary listing exchange that offers trading across a full range of equities, options, and exchange traded funds (ETFs), including structured products, and HOLDRS(SM). The Amex pioneered the ETF, and is responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex, to date, lists 164 ETFs. The Amex also lists and trades options on broad-based and sector indexes as well as domestic and foreign stocks.

About First Trust Portfolios L.P.

First Trust Advisors L.P., a registered investment adviser, is an Illinois limited partnership formed in 1991. First Trust Portfolios L.P., the largest independent unit investment trust sponsor in North America (by sales), is an affiliate of First Trust Advisors. First Trust Advisors serves as an investment adviser to separately managed accounts, insurance companies, profit-sharing plans, and charitable foundations and endowments. First Trust Advisors currently manages or supervises approximately $20 billion in assets as of 6/30/05. You should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. Call 800-621-1675 to request a prospectus, which contains this and other information abut the Fund. Read it carefully before you invest or send money. Like all investment company securities, the shares of the Fund are not insured by the FDIC or any other government agency, are not issued or guaranteed by any bank, and may lose value. 

DATASOURCE: The American Stock Exchange



CONTACT:  Renee Rossi of American Stock Exchange, [phone],





Web site:  http://www.amex.com/ 

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