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American Stock Exchange Launches Six New Intellidex Indexes
NEW YORK, Dec. 9 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
announced today the launch of six new Intellidex(SM) Indexes designed to reflect
value and growth. Comprised of large, midsize and small U.S. companies, the
Intellidex Indexes consist of securities that meet objective screening criteria.
The Intellidex Indexes are designed to identify stocks that have capital
appreciation potential using a proprietary stock selection and portfolio
construction methodology.
PowerShares Capital Management has licensed the indexes for use in additional
Exchange Traded Fund (ETF) products.
Robert Tull, vice president of the Amex ETF Marketplace, said, "We are extremely
pleased about the launch and license of the six new Intellidex Indexes. As the
global leader in listing ETFs, the Amex continually strives to bring new
opportunities to the marketplace for investors."
Scott Ebner, associate director of new product development at the Amex, said,
"The launch of the new Intellidex Indexes continues our effort to develop
innovative indexes using the Amex's expertise in index calculation to create
indexes for ETFs and other investment products. Applying the Intellidex
selection methodology to size and style segments of the market is a natural
extension of the Intellidex Dynamic Market and Dynamic OTC indexes launched
earlier this year."
The six new indexes include: The Dynamic Large Cap Growth Intellidex Index
(Symbol: ILH); The Dynamic Large Cap Value Intellidex Index (Symbol: ILW); The
Dynamic Mid Cap Growth Intellidex Index (Symbol: ILJ); The Dynamic Mid Cap Value
Intellidex Index (Symbol: ILP); The Dynamic Small Cap Growth Intellidex Index
(Symbol: ILK) and The Dynamic Small Cap Value Intellidex Index (Symbol: ILZ).
The proprietary Intellidex model employs a quantitative approach to stock
selection. On a quarterly basis, eligible companies are ranked based on a
variety of criteria including fundamentals, valuation, timeliness and risk
factors and then selected based on their cumulative score. The Intellidex
Indexes are calculated using a modified equal dollar weighting methodology.
About the American Stock Exchange
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
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 126 ETFs. 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: Mary Chung of The American Stock Exchange, +1-212-306-1641,
Web site: http://www.amex.com/