JPMorgan Selected for Launch of NYSE Arca Tech 100 ETF.Ziegler Exchange Traded Trust hires JPMorgan for full suite of ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). services NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Ziegler Exchange Traded Trust has selected JPMorgan Worldwide Securities Services to provide a full suite of services to help launch the NYSE Arca Tech 100 ETF. JPMorgan will provide fund accounting, fund administration, transfer agency and custody services for the new ETF that replicates the NYSE Arca Tech 100 Index The NYSE Arca Tech 100 Index is a price-weighted index composed of common stocks and ADRs of technology-related companies listed on US stock exchanges. The index is maintained by the New York Stock Exchange, but includes stocks that trade on exchanges other than the NYSE. , which represents 100 companies in the technology field and related industries. The ETF is expected to begin trading on the NYSE Arca, L.L.C. under the symbol (NXT NXT Next ) on March 26, 2007. Shares are expected to be available in the secondary market on March 28, 2007. "We chose JPMorgan Worldwide Securities Services because it offers extensive experience in ETFs, a wide range of services and a dedicated group to support ETFs," said Caroline Probst, Chief Financial Officer and Treasurer of the Ziegler Exchange Traded Trust. "JPMorgan is excited about supporting Ziegler and an ETF that will provide new options in technology investing," said Mark Kelley, head of JPMorgan's U.S. Fund Services business. "ETFs are seeing strong growth and the fund servicing needed to support them has become significantly more complex, making the work of custodians and administrators more crucial." JPMorgan works with ETF sponsors to launch new fund structures and this year has more than doubled the number of ETFs being provided services, increasing from 34 to 75. The firm brings together resources from the JPMorgan Chase global franchise to develop, launch and manage an ETF. JPMorgan has assisted asset managers in introducing: * The first "share class" ETF * The first enhanced index, inverse index and enhanced inverse index exchange traded funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. , which have exceeded $4.5 billion in assets * A series of foreign currency based ETFs, which have exceeded $1.6 billion in assets. JPMorgan offers custody, accounting and administrative services, portfolio trading, ETF sales, specialized ETF research and serve as an Authorized Participant Authorized Participant An entity chosen by an exchange-traded fund's sponsor to undertake the responsibility of obtaining the underlying assets needed to create an ETF. Authorized participants are typically large institutional organizations, such as market makers or specialists. for all major ETFs. Along with proprietary analytic trading and portfolio management technology and as a leader in equity derivatives, JPMorgan can support the full spectrum of a client's research and execution needs. For more information on JPMorgan and ETFs, go to http://www.jpmorgan.com/visit/ETF About Ziegler The NYSE Arca Tech 100 ETF is a designated series of Ziegler Exchange Traded Trust, an open-end investment company open-end investment company: see mutual fund. . Ziegler Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , is the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to Ziegler Exchange Traded Trust and is a wholly-owned subsidiary of The Ziegler Companies, Inc. (symbol: ZGCO), a growth-oriented investment banking and investment services boutique. Ziegler Capital Management currently manages approximately $3.4 billion in fixed-income and equity assets, including $1.4 billion in mutual fund investments. B.C. Ziegler and Company distributor. Member NASD/SIPC. About JPMorgan Worldwide Securities Services JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $13.9 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. About JPMorgan Chase JPMorgan Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com. |
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