AMEX Offers Exchange-Traded Fund Options

October 13, 2000 ( - Plan sponsors now have an additional investment "option" as the American Stock Exchange (AMEX) begins trading options on selected exchange-traded funds (ETFs).

Beginning today the AMEX is trading options on the iShares Russell 2000 Index Fund, as well as the iShares Russell 1000, iShares Russell 2000 Growth Index Fund and iShares Russell 2000 Value Index Fund.

The listing is the first time an option will be traded on an exchange-traded fund (ETF) that tracks a broad-based, domestic small- and large-cap stock index.

ETFs are index funds that are bought and sold like common stocks. They are traded exclusively on the American Stock Exchange.

– Nevin Adams