American Stock Exchange Launches Six New Intellidex Indexes
December 09 2003 - 10:36AM
PR Newswire (US)
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/
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