AMEX lists five new Ameristock ETFs

Ameristock Corp. today announced the launch of trading in five new U.S. Treasury exchange traded funds on the American Stock Exchange today. The fund launches by Alameda, Calif.,-based Ameristock mark the company's first foray into the ETF universe. Ameristock has $527.6 million in assets under management. Each fund, which carries an expense ratio of 0.15%, aims to track a particular U.S. Treasury securities index owned and compiled by Ryan ALM Inc. The one-year U.S. Treasury (GKA) is based upon the return of a portfolio with a two-thirds weighting in the most recently auctioned six-month U.S. Treasury bill and a one-third weighting in the most recently auctioned two-year U.S. Treasury Note. The two-year U.S. Treasury (GKB), five-year U.S. Treasury (GKC), 10-Year U.S. Treasury (GKD) and 20-Year U.S. Treasury (GKE) exchange-traded funds seek to track the performance for the Ryan Treasury Index which is based upon the returns of those periods. Ryan ALM is a New York-based asset manager focused on asset and liability management.