• Jun
  • 26
  • 2006
  • 2:45 PM

Australia, Britain, Mexico, Sweden, Switzerland -- no, not the World Cup

By: Ray Pellecchia
File Under: NYSE

The NYSE announced today that the latest additions to the CurrencyShares(SM) family of foreign currency-based exchange traded trusts began trading on the Big Board. Representing units of fractional undivided beneficial interest in, and ownership of the trusts themselves, these products are based on the Australian dollar, British pound, Canadian dollar, Mexican peso, Swedish krona and the Swiss franc.

Those of you who came to this by Googling the 'net for a World Cup update, turn on ESPN; this is the New York Stock Exchange!

A couple of notable things about this news release:

• These trusts offer investors the ability to diversify and expand their portfolios across multiple asset classes and currencies.

• This brings the NYSE Group’s primary ETF listings to an even 100. Combined with 292 ETFs trading on an unlisted trading privilege basis (UTP), year-to-date the NYSE Group trades 38% of all ETF shares traded in U.S. markets.

All of which advances John Thain's vision of a global, multi-product marketplace.

Comment on this entry

Forward this entry to a friend