NEW YORK, Dec. 6, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that The NASDAQ Stock Market® (NASDAQ®) has listed two new exchange-traded funds (ETFs) sponsored by Global X Funds, a leading New York-based provider of ETFs.
The ETFs are based on two new non-financial NASDAQ indexes: the NASDAQ-400 Index (NDX400), which is designed to track the performance of securities that are next-eligible for inclusion into the NASDAQ-100 Index®, and the NASDAQ-500 Index (NDX5000), which is designed to track the top 500 non-financial securities listed on NASDAQ.
Effective today, NASDAQ listed the following ETFs:
- Global X NASDAQ 400 Mid Cap ETF (Nasdaq:QQQM) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ-400 Index.
- Global X NASDAQ 500 ETF (Nasdaq:QQQV) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ-500 Index.
The NASDAQ-500 Index and the NASDAQ-400 Index have no direct exposure to financial companies, as the financial sector has lost more than 40% of its value in the past ten years*.
"Global X Funds is a leading provider of investment management products and NASDAQ is pleased to license our new non-financial indexes to them and list their latest ETFs," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "By listing on NASDAQ, these ETFs will receive extremely high levels of support in order to maximize their liquidity and visibility."
"We are pleased to be pairing with NASDAQ OMX, a recognized leader in the development of innovative indices, to bring these products to market," said Bruno del Ama, CEO of Global X Funds. "Both new funds expand the coverage beyond the NASDAQ 100 Index®, providing greater diversification and possibly capturing the next Apple or Google."
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NASDAQ® is a registered trademark of The NASDAQ OMX Group, Inc. (which with its affiliates and subsidiaries is referred to as "NASDAQ OMX") and is licensed for use by Global X Management Company, LLC. Neither the Global X NASDAQ 500 ETF nor the Global X NASDAQ 400 Mid Cap ETF has been passed on by NASDAQ OMX as to its legality or suitability. The Global X NASDAQ 500 ETF and the Global X NASDAQ 400 Mid Cap ETF are not issued, endorsed, sold, or promoted by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO EITHER THE GLOBAL X NASDAQ 500 ETF OR THE GLOBAL X NASDAQ 400 MID CAP ETF.
*Source: NASDAQ
NDAQG