Ziegler Exchange Traded Trust hires JPMorgan for full suite of ETF services
New York, March 26, 2007 – Ziegler Exchange Traded Trust has selected JPMorgan Worldwide Securities Services to provide a full suite of services to help launch the NYSE Arca Tech 100 ETF.JPMorgan will provide fund accounting, fund administration, transfer agency and custody services for the new ETF that replicates the NYSE Arca Tech 100 Index, which represents 100 companies in the technology field and related industries. The ETF is expected to begin trading on the NYSE Arca, L.L.C. under the symbol (NXT) on March 26, 2007. Shares are expected to be available in the secondary market on March 28, 2007.
“We chose JPMorgan Worldwide Securities Services because it offers extensive experience in ETFs, a wide range of services and a dedicated group to support ETFs,” said Caroline Probst, Chief Financial Officer and Treasurer of the Ziegler Exchange Traded Trust.
“JPMorgan is excited about supporting Ziegler and an ETF that will provide new options in technology investing, ” said Mark Kelley, head of JPMorgan’s U.S. Fund Services business. “ETFs are seeing strong growth and the fund servicing needed to support them has become significantly more complex, making the work of custodians and administrators more crucial.”
JPMorgan works with ETF sponsors to launch new fund structures and this year has more than doubled the number of ETFs being provided services, increasing from 34 to 75. The firm brings together resources from the JPMorgan Chase global franchise to develop, launch and manage an ETF. JPMorgan has assisted asset managers in introducing:
JPMorgan offers custody, accounting and administrative services, portfolio trading, ETF sales, specialized ETF research and serve as an Authorized Participant for all major ETFs. Along with proprietary analytic trading and portfolio management technology and as a leader in equity derivatives, JPMorgan can support the full spectrum of a client’s research and execution needs.
For more information on JPMorgan and ETFs, go to http://www.jpmorgan.com/visit/ETF
About Ziegler
The NYSE Arca Tech 100 ETF is a designated series of Ziegler Exchange Traded Trust, an open-end investment company. Ziegler Capital Management, LLC, is the investment advisor to Ziegler Exchange Traded Trust and is a wholly-owned subsidiary of The Ziegler Companies, Inc. (symbol: ZGCO), a growth-oriented investment banking and investment services boutique. Ziegler Capital Management currently manages approximately $3.4 billion in fixed-income and equity assets, including $1.4 billion in mutual fund investments. B.C. Ziegler and Company distributor. Member NASD/SIPC.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global
industry leader with $13.9 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world’s largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss.
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