International ETF Community Gathers to Celebrate Outstanding Achievement

The Global ETF Community celebrates innovation in the ETF Industry

New York (PRWEB) May 1, 2007 -- The International ETF Community gathered in New York on April 26, 2007 to celebrate the outstanding achievements of the industry. 38 Awards were presented during the awards dinner that was hosted by Exchangetradedfunds.com.

Industry participants from markets in China, Turkey, France, Germany, India, Hungary, United Kingdom, South Africa, Sweden and the United States were in attendance at the event.

"It was well attended by the International ETF Community," said Sharon Highland, President of Barak Asset Management.

"The Industry has really expanded on a global level," said Arlene Reyes, Chief Operating Officer of Exchangetradedfunds.com. "We will see more expansion in the global marketplace, more cross-listings and even though they are in different regions, there are some commonalities; regulatory issues must be addressed, investors need to be educated in the use of these products and these are a few of the issues that seem to be present in all these markets. This event is a great opportunity for the international ETF community to recognize innovation in the industry."

The 2007 Global ETF Awards® winners were based on over 420 votes cast from ETF industry professionals' worldwide and statistical data provided by Morgan Stanley.

Some of the winners were Deborah Fuhr, Managing Director, Investment Strategies, Morgan Stanley, for the Greatest Overall Contribution in the ETF Industry, Barclays Global Investors was the winner for the Greatest Overall Contribution to the ETF Industry in Emerging markets. Best Service Provider in Europe was awarded to SSgA and Bank of New York and Investors Bank and Trust were tied for the award in the Americas. PowerShares FTSE RAFI US 1000 won The Most Innovative ETF Product Award for the Americas and Lyxor won for Europe. ETCs won the Most Innovative ETF Hybrid Product award for Europe and in the Americas iPath was the winner. Most Innovative ETF Index provider for Europe was awarded to STOXX for the 3rd year in a row and Wisdom Tree won for the Americas.

A complete list of the 2006 Global ETF Awards® winners is obtainable from exchangetradedfunds.com.

"The event had a nice cross-section of the ETF Industry," said W. John McGuire, Partner, Morgan, Lewis & Bockius LLP.

SOURCE: G. Ballan-Event listing

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