Merrill's Europe 2001 HOLDR Begins Trading

Merrill Lynch's Europe 2001 HOLDRs (EKH:Amex) began trading today on the American Stock Exchange .

Merrill issued 1 million Europe 2001 HOLDRs yesterday at $98.12 apiece. The latest HOLDRs offering invests in 50 of the largest European companies whose stocks trade on the American Stock Exchange, the New York Stock Exchange or Nasdaq .

Europe 2001 is the 15th HOLDRs offering from Merrill Lynch. HOLDRs, hybrids of a fund and a stock, are exchange-traded baskets of at least 20 stocks focused on one specific industry or stock category, such as semiconductors, regional banks and pharmaceuticals. ...