Exchange Traded Concepts Delivers YieldShares High Income ETF (YYY) to Market

OKLAHOMA CITY, June 24, 2013 /PRNewswire/ -- Exchange Traded Concepts, LLC ("ETC") announces the launch of the YieldShares High Income ETF (Ticker Symbol: YYY); the most recent exchange-traded fund to begin trading through the firm's accelerated, low-cost, private-label ETF platform.

The YieldShares High Income ETF will seek to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High Income^TM Index (High Income Index).  The High Income Index ^TM seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds (CEFs), as selected and ranked according to factors designed to result in a portfolio that produces high current income.  

"YieldShares High Income ETF seeks to capture two potential benefits of investing in secondary closed-end fund investing: high income and the ability to buy certain funds below their net asset value (NAV)," says Christian Magoon, ETF veteran and CEO and Founder of YieldShares. "I believe those potential benefits combine nicely with the ETF structure which generally trade at or near NAV."

"ETC is excited to continue our long-standing relationship with Christian. We have worked closely with Christian over the last few years and are proud to be partners with him on his new YieldShares family of funds. We believe that investors will continue to look for new ways to get quality yield and that the YieldShares High Income ETF will be a great place for them to get that," says J. Garrett Stevens, CEO of Exchange Traded Concepts.

For more information about the fund, please visit www.yieldshares.com or call 1-855-796-3863

About Exchange Traded Concepts
ETC has carved out a niche as a portal to launch new, custom exchange-traded funds efficiently and cost-effectively through a complete turnkey solution. ETC is a private-label ETF advisor with passive and active exemptive relief from the SEC to launch both domestic and international equity exchange traded funds under the Investment Company Act of 1940.

Investment managers, independent advisors, foreign managers and others seeking to launch an ETF for their strategy have the opportunity to build awareness and recognition for their brand as a private label ETF and, for a relatively low initial investment, launch an ETF in approximately one-third of the time it would take to launch an ETF from scratch.

ETC's ETF-in-a-Box™ Solution is a turnkey platform that provides time-sensitive and cost-effective methods to bring an exchange-traded fund to market. Seasoned ETF professionals have the operational and regulatory experience plus the industry contacts needed to navigate the complexities of launching and managing an ETF.ETC has developed strategic relationships with other ETF service providers to assist ETC's sub-advisors in navigating the exchange-traded fund launch process with the guidance necessary to maintain regulatory compliance.

ETC can assist your firm to successfully launch an ETF strategy. For more information, please go to www.ExchangeTradedConcepts.com

About YieldShares
YieldShares LLC is an ETF Sponsor focused on income investing. The firm seeks to expand access to unique income investment strategies through ETFs. YieldShares believes that thoughtful income investing begins with diversification. That diversification should be implemented across a variety of asset classes, investment strategies and investment vehicles.

In 2013, YieldShares partnered with the International Securities Exchange (ISE) to develop an investment strategy-based index called the ISE High Income™ index. This index was designed to capture high current income from a professionally selected portfolio of closed-end funds. YieldShares' first ETF - YYY - will seek to track, before fees and expenses, the ISE High Income™ index. For more information, visit www.yieldshares.com.

About ISE ETF Ventures
The ISE ETF Ventures team is dedicated to creating and supporting innovative indexes that track growing industries, emerging technologies and markets, and packaged trading strategies. Their index design expertise includes a diverse range of asset classes and instrument types including global equities, fixed income, currencies, futures and options. ISE ETF Ventures partners with issuers to launch unique exchange traded products (ETPs) such as exchange traded funds (ETFs), exchange traded notes (ETNs) and other similar product types. They also provide capital for the start-up and ongoing backstopping of new ETPs. Partners are able to leverage ISE's global experience and broad network of industry participants in order to grow their ETP presence as well as reduce risk and increase product issuance.

As part of the International Securities Exchange (ISE), a leading U.S. options exchange, ISE ETF Ventures' indexing experts are nimble, flexible and entrepreneurial with a track record of creating distinctive, out-of-the-box ideas. ISE currently has a portfolio of over 30 proprietary indexes, and supports over 15 ETPs and other investment products.

ISE is a member of Eurex Group, and combined with Eurex Exchange, forms one of the largest transatlantic derivatives marketplaces. Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).

For the latest information and updates, connect with ISE ETF Ventures on Twitter (@ISEexchange) and LinkedIn (www.LinkedIn.com/company/ise), or visit www.ise.com/etfventures.

SOURCE Exchange Traded Concepts, LLC