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
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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.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jan 25, 2018|
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