American Stock Exchange Launches Two New Exchange Traded Funds by First Trust Advisors L.P.

NEW YORK, June 23  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in two new exchange-traded funds (ETFs) by First Trust Advisors L.P. (First Trust): First Trust Amex Biotechnology Index Fund (SYMBOL: FBT) and First Trust Dow Jones Internet Index Fund (SYMBOL: FDN). These new ETFs are First Trust's fourth and fifth ETFs to list on the Amex.

"We are very pleased to welcome First Trust back to the Amex," said Cliff Weber, Senior Vice President of the ETF Marketplace at the Amex. "These two new products are a welcome addition to the Amex roster of ETFs and we are proud to have partnered with First Trust again to bring these unique investment opportunities to the marketplace."

"We believe that financial advisors need a variety of investment vehicles to help their clients reach their financial goals. These two new funds, which focus on the biotechnology and internet markets, provide these financial advisors with the tools to do this." Said Dan Waldron, Vice President of ETF Product Development at First Trust Advisors L.P. "Naturally, we're pleased to partner with the American Stock Exchange and Dow Jones in bringing these new funds to market."

The First Trust Amex Biotechnology Index Fund tracks the Amex Biotechnology Index(SM).  The index is an equal dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The index is rebalanced quarterly.

The First Trust Dow Jones Internet Index Fund tracks the price and yield of an equity index called the Dow Jones Internet Index(SM). The index is designed to include only companies whose primary focus is Internet-related. The index components are selected from the eligible universe of Internet commerce companies and Internet services companies using an equally-weighted combination of a three-month average float-adjusted market capitalization and three-month average share volume with a goal of capturing 80% of the float- adjusted selection universe. The index is reviewed each quarter.

The specialist for the First Trust Amex Biotechnology Index Fund and First Trust Dow Jones Internet Index Fund is Goldman Sachs Execution & 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 183. The Amex also lists and trades options on broad-based and sector indexes as well as domestic and foreign stocks.

About First Trust Advisors L.P. and First Trust Portfolios L.P.

First Trust Advisors L.P. (First Trust), 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. First Trust serves as an investment adviser to separately managed accounts, insurance companies, profit-sharing plans, and charitable foundations and endowments. First Trust currently manages or supervises approximately $20 billion in assets as of 6/30/05. You should consider the funds' 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 funds. Read it carefully before you invest or send money. Like all investment company securities, the shares of the funds are not insured by the FDIC or any other government agency, are not issued or guaranteed by any bank, and may lose value. 

DATASOURCE: American Stock Exchange



CONTACT:  Mary Chung of American Stock Exchange, [phone],

 



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

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