Printer Friendly

REX Shares and Bank of Montreal launch notes on NYSE Arca.

BANKING AND CREDIT NEWS-January 25, 2018-REX Shares and Bank of Montreal launch notes on NYSE Arca

(C)2018 M2 COMMUNICATIONS http://www.m2.com

?

REX Shares, LLC has announced a partnership with Bank of Montreal to launch a pair of exchange traded notes under the name "REX MicroSectors," the company said.

The BMO REX MicroSectors(TM) FANG+(TM) Index 3X Leveraged ETNs and the BMO REX MicroSectors(TM) FANG+(TM) Index -3X Inverse Leveraged ETNs are based on the NYSE FANG+TM Index, and started trading today on NYSE Arca under the tickers FNGU and FNGD.

The NYSE[R] FANG+TM Index (NYFANG) was created by ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), in 2017 to provide exposure to a select group of highly traded growth stocks of next generation technology and tech-enabled companies.

Headquartered in Westport, Connecticut, REX Shares, LLC designs investment products that help investors diversify and manage risks. For more information visit www.microsectors.com.

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider -- the 8th largest bank, by assets, in North America. With total assets of USD 710 billion as of October 31, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Jan 25, 2018
Words:256
Previous Article:Pacific Commerce Bancorp reports 2017 earnings.
Next Article:Allianz Global Investors builds out of US fixed income team.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters