Bank of New York Mellon ETF Group Tops $1 Billion

Published September 20, 2007, 1:00 a.m. EDT

Updated September 19, 2007, 5:10 p.m. EDT

1 Min Read

Bank of New York Mellon Corp.'s BLDRS family of exchange-traded funds has reached $1 billion of assets under management, it announced.

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The BLDRS Index Funds are based on the Bank of New York ADR Index, a real-time index tracking all depositary receipts trading on the New York Stock Exchange, American Stock Exchange, and Nasdaq Stock Market, the company said in a press relase on Monday.

The fund family consists of four ETFs — two market index funds and two regional index funds — BLDRS Asia 50 ADR Index Fund, BLDRS Europe 100 ADR Index Fund, BLDRS Developed Markets 100 ADR Index Fund, and BLDRS Emerging Markets 50 ADR Index Fund.

PowerShares Capital Management LLC is the funds' sponsor, and Bank of New York Mellon is their trustee.

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