IndexFunds.com Staff

iShares S&P Global 100 First ETF to List on NYSE

Trading commenced today on the iShares S&P Global 100 exchange-traded fund (ETF). The Global 100 (ticker symbol: IOO) is the first ETF to be listed on the New York Stock Exchange (NYSE).

The new exchange-traded fund (ETF) tracks the S&P Global 100 Index, which focuses on companies whose performance is tied more to the global economy than specific regional economies. The fund is the second global ETF now available to investors.

Comparison of the two global ETFs available on U.S. markets

The S&P Global 100 (not to be confused with the iShares S&P 100 that began trading on the Chicago Board Options Exchange in late October 2000) is the 96th ETF to trade on United States markets. Ninety-four of those ETFs trade on the American Stock Exchange (AMEX), and 63 of them have been launched in the year 2000. Assets under management in ETFs have more than tripled to $50 billion in the last three years.

"With 76 of the S&P Global 100 companies listed on the NYSE and representing a combined global market capitalization exceeding $7 trillion, it is only natural the iShares S&P Global 100 ETF trade on the NYSE," said NYSE Chairman and CEO Richard Grasso.

Volume on the first day of trading was light, with only 1,600 shares changing hands (compared to 3,300 for the StreetTracks Dow Jones Global Titans and a whopping 65.8 million shares for the Nasdaq 100 Cubes (QQQ), and 10.3 million for the SPDR S&P 500 fund (SPY)).

Component Stocks of the S&P Global 100 and Dow Jones Global Titans