As a pioneer in the creation of exchange traded funds (ETFs), the American Stock Exchange launched a whole new class of securities that has grown to $100 billion in assets in less than a decade. Today, the Amex remains the center of development and the global market leader, with more than 100 listed ETFs.
Each ETF is a basket of securities that is designed to generally track an index—broad stock or bond market, stock industry sector, or international stock—yet trades like a single stock.
The unique combination of many of the best features of other investments presents financial opportunities for both individual and institutional investors.