NASDAQ Index Blog - Posts with tag of "etfs"

First Trust Switches 10 AlphaDEX ETFs to Nasdaq Updated: 7/14/2015

Today, First Trust transferred 10 AlphaDEX® ETFs from NYSE Arca to The Nasdaq Stock Market®. Each ETF will list and trade its shares on Nasdaq under the same ticker symbol as was used on NYSE. Additionally, each ETF’s Index Provider will change to Nasdaq Global Indexes.

“The transfer of these 10 ETFs is evidence of First Trust’s confidence that the Nasdaq marketplace is a leader in ETF listing and trading,” said Jeffrey McCarthy, Head of ETP Listings at Nasdaq. “These products exemplify the importance of exchange listing diversification and how Nasdaq is positioned to provide multi-faceted solutions to ETF issuers by supporting index creation, calculation, listing and trading-through the benchmark switch of these funds to Nasdaq Indexes. We look forward to continuing our successful partnership with First Trust and the AlphaDEX team in the future.”

Each ETF will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a Nasdaq AlphaDEX® Equity Index (each, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.

 

Fund Name Ticker New Index
First Trust Japan AlphaDEX Fund FJP Nasdaq AlphaDEX® Japan Index
First Trust China AlphaDEX Fund FCA Nasdaq AlphaDEX® China Index
First Trust Brazil AlphaDEX Fund FBZ Nasdaq AlphaDEX® Brazil Index
First Trust South Korea AlphaDEX Fund FKO Nasdaq AlphaDEX® South Korea Index
First Trust United Kingdom AlphaDEX Fund FKU Nasdaq AlphaDEX® United Kingdom Index
First Trust Germany AlphaDEX Fund FGM Nasdaq AlphaDEX® Germany Index
First Trust Switzerland AlphaDEX Fund FSZ Nasdaq AlphaDEX® Switzerland Index
First Trust Hond Kong AlphaDEX Fund FHK Nasdaq AlphaDEX® Hong Kong Index
First Trust Canada AlphaDEX Fund FCAN Nasdaq AlphaDEX® Canada Index
First Trust Taiwan AlphaDEX Fund FTW Nasdaq AlphaDEX® Taiwan Index

 

To learn more about Nasdaq Global Indexesclick here and a Nasdaq Global Indexes representative will contact you directly.

Cybersecurity: The New ETF Frontier Updated: 7/9/2015

 

This week we launched the Nasdaq CEA Cybersecurity IndexSM to track the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. It includes companies primarily involved in the building, implementation, and management of security protocols applied to private and public networks, computers, and mobile devices in order to provide protection of the integrity of data and network operations.

Following the launch of the index, First Trust listed the First Trust Nasdaq CEA Cybersecurity ETF (Symbol: CIBR) on The Nasdaq Stock Market®. The Fund uses an indexing investment approach to attempt to replicate, before fees and expenses, the performance of the Nasdaq CEA Cybersecurity IndexSM (NQCYBR). To learn more about the ETF, click here.

Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants that represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.

To learn more about our one-stop shop ETF and indexing solution, please visit our website. For a custom solution for your index or ETF, please feel free to reach out and we will get back to you.

Two New ProShares ETFs based on Nasdaq Biotech Index List on Nasdaq Updated: 6/24/2015



On June 23, 2015, ProShares listed two new ETFs, the UltraPro Nasdaq Biotechnology ETF (Symbol: UBIO) and UltraPro Short Nasdaq Biotechnology ETF (Symbol: ZBIO), tracking the Nasdaq Biotechnology Index on the Nasdaq Stock Market.

UBIO seeks to provide 3x and ZBIO seeks to provide -3x the daily performance of the Nasdaq Biotechnology Index, before fees and expenses. The Nasdaq Biotechnology Index is a modified capitalization weighted index that includes Nasdaq-listed companies classified as either biotechnology or pharmaceutical.

The Nasdaq Biotechnology Index, which tracks a number of bellwether companies in the space, returned 34.1% in 2014, far outpacing both the S&P 500, and has continued its charge in 2015. Learn what is driving this growth story for the sector in our article, “Biotech – The Growth Story Continues.”

These products join six other global funds licensed to the index, including the ProShares Ultra Nasdaq Biotechnology ETF (BIB) and ProShares UltraShort Nasdaq Biotechnology ETF (BIS). ProShares is the world’s largest provider of geared ETFs. Geared ETFs are designed to offer knowledgeable investors the opportunity to act on their views, whether it’s hedging against downturns with inverse ETFs or using a leveraged ETF to get magnified exposure to a benchmark.

Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
 

First Australian ETF Linked to Nasdaq Index Launches Updated: 5/27/2015



 

On May 27, 2015, the BetaShares Nasdaq 100 ETF began trading on the Australian Securities Exchange (ASX: NDQ). This is the first time that Australian investors have access to this prominent benchmark.

Rob Hughes, Vice President, Head of Index & Advisor Solutions at Nasdaq said: “We’re excited to partner with BetaShares on the first Nasdaq ETF to list in Australia. This exposes Australian investors to 100 of the world’s most dynamic companies, and is another milestone in the international expansion of investment products linked to Nasdaq indexes.”

International equities continue to be attractive to local ETF investors, and the new fund broadens the offerings available for investors looking for straightforward exposure to those securities.
The Nasdaq-100 Index includes the 100 largest, non-financial companies listed on the Nasdaq Stock Market and acts as a leading barometer for strong, growth companies at the forefront of innovation.
 

H20 Investing: Combining the Best Elements Within Smart Beta By: Dave Gedeon
on 5/12/2015

Smart Beta investment strategies have seen a 24% compounded annual growth rate since 2010*. With investors clamoring for better performance, lower risk investments, ways to mitigate volatility, all while demanding reduced fees, how do you determine which strategies are right for your investments? The answer lies in selecting rules-based, transparent approaches that combine different smart beta factors.

In our latest web seminar, hosted by ETF.com, Dave Gedeon of Nasdaq and Jay Gregnani of Dorsey, Wright & Associates, which was acquired by Nasdaq earlier this year, join together to discuss “H20 Investing: Combining the Best Elements Within Smart Beta.” Both hydrogen and oxygen are famously combustible in many scenarios, but when combined appropriately, they create the most important compound for sustaining life as we know it. Gregnani will explain how combining some of the powerful return factors now available within the ETF space become even more useful when combined with the right complementary elements in the ETF world.

Click here to watch and/or download the webinar.
 

Nasdaq and Dorsey Wright Unite to Deliver Unique Smart Beta Solutions Updated: 2/2/2015

We are thrilled that Dorsey, Wright & Associates (DWA) is now part of the Nasdaq family and our ever-expanding suite of innovative indexes and data solutions.

DWA is a registered investment advisory firm that provides comprehensive investment research and analysis through its proprietary Global Technical Research Platform and Investment Products. DWA is a respected industry leader known for applying its expertise in Relative Strength to support the investment decision-making process through leading research and technical analysis. DWA’s investment analytics are used by thousands of investment advisors and power individual stock research, model portfolios, strategies and indexes. The latter of which are used as the basis of exchange-traded funds, managed accounts, and mutual funds. DWA currently has over 130 model portfolios with an estimated $10 billion tracking the models and 17 licensed ETFs, representing approximately $5 billion in assets under management.

The acquisition brings DWA’s industry-leading smart beta indexes to the Nasdaq Index family. This transaction, along with Nasdaq’s existing suite of alternative index solutions, makes us one of the largest global providers of smart beta solutions.

Visit www.dorseywright.com to find out more about the company and their offerings. We will continue to share information on how our combined business can further help our clients’ strategies. We welcome your questions at any time at GISCustomerService@nasdaq.com.
 

Vote for Nasdaq Global Indexes 2015 Most Innovative Index Provider Updated: 1/13/2015

Nasdaq Global Indexes is seeking your support in nominating us for a 2015 ETFExpress Global Award. If you're reading this, we hope you agree that Nasdaq has what it takes to be “The Most Innovative Index Provider of the Year.”

Your nomination will take less than 60 seconds with three simple steps:

  1. Go to the ETFExpress web site
  2. Choose #28 “The Most Innovative Index Provider”
  3. Type in the following:

Name of Firm: Nasdaq

Contact information of Firm: Indexes@Nasdaq.com

Short justification as to why you made this choice: We have listed below some of the reasons you might consider us for The Most Innovative Index Provider. Feel free to use these or provide your own reason.

  • Nasdaq is one of the only index providers to have products listed globally covering equities, commodities and fixed income.
  • ETPs based on Nasdaq indexes are listed in 16 countries, and Nasdaq is the first index provider to have its indexes linked to ETPs in China, India, and Iceland.
  • As of 2014 year-end, Nasdaq had 166 licensed ETPs globally with approximately $100 billion in assets under management. Twenty-seven new ETPs launched that track our indexes; of those, 26 were new launches and one was a benchmark switch. Currently, we are the underlying benchmarks for eight of the top ten largest ETP providers in the world.
  • The largest dividend ETF with just under $21B in assets under management tracks the Nasdaq Dividend Achievers Select Index.
  • In 2014, ETPs tracking the Nasdaq Biotechnology Index launched in Israel, Korea, and London.
  • Our foothold in Asia continues to grow. In November 2014, two ETFs tracking Nasdaq Indexes were launched by Bank of Montreal in Hong Kong, marking a new milestone of eight ETFs for us in the region.
  • This was also a marked year of expansion for our Smart Beta Indexes. Most notable is the expansion of our Nasdaq Buyback Achievers brand with five new ETFs based on that benchmark family launching this year. In addition, we recently announced plans to acquire Dorsey, Wright & Associates later this month. With the close of that transaction, Nasdaq will be one of the largest Smart Beta Index Providers in the world, based on AUM.

The deadline for nomination is January 15, 2015. Please CLICK HERE TO VOTE NOW.

Thank you for your support!

Nasdaq to Acquire Dorsey Wright & Associates Updated: 1/5/2015

We are pleased to announce that Nasdaq will acquire Dorsey, Wright & Associates, LLC (DWA), a market leader in data analytics, passive indexing and smart beta strategies. DWA will add to Nasdaq’s robust index portfolio, bringing model-based strategies and analysis to support the financial advisor community, and further strengthening Nasdaq’s position as a leading smart beta index provider in the U.S. The deal is expected to close in the first quarter of 2015.

DWA will increase Nasdaq’s capacity for growth in the index business across asset classes and geographies, with substantial opportunities in index licensing. The combined group will bring together DWA’s 17 ETFs and Nasdaq’s 69 licensed smart-beta ETFs focused primarily on dividend and income strategies. As a result, Nasdaq Global Indexes will become one of the largest providers of smart beta indexes with nearly $45 billion in assets benchmarked to its family of Smart Beta indexes and more than $105 billion benchmarked to all Nasdaq Indexes.

"Our index business has been a strong growth area for Nasdaq over the last decade, and the acquisition of Dorsey Wright & Associates will further cement our position as a major player and industry innovator," said Adena Friedman, President of Nasdaq. “We are always looking for opportunities to expand Nasdaq’s index offering with quality products that deepen our relationships with the investing community. DWA provides a natural complement to our business and growth strategy.”

Subject to customary conditions and approvals, Nasdaq will acquire DWA for $225 million funded through a mix of debt and cash on hand. Nasdaq expects the acquisition will be accretive to the company’s earnings at closing, excluding transaction-related costs, and does not expect a material impact on Nasdaq’s financial leverage or capital return strategy. The acquisition will further support the company's efforts to deliver consistent and stable returns to shareholders.

"Smart Beta represents one of the fastest growing sectors within the ETF market," said Tom Dorsey, President, Dorsey Wright & Associates. “This deal will allow us to grow significantly, while continuing to create products and strategies that meet the needs of our clients.”

Nasdaq intends to fuel DWA’s growth strategy by accelerating product development, raising awareness of the DWA indexes and increasing the base of potential market participants through its global distribution network. Nasdaq’s ability to create innovative indexes, its long-term relationships with ETF providers, and DWA’s analytical capabilities and smart-beta models are expected to lead to new products in more asset classes, including fixed income, currencies and commodities, and facilitate international expansion of the DWA offerings, beginning in Canada and Europe.

Additionally, there are opportunities for Nasdaq technology to enhance DWA’s web-based advisor tools used to deliver DWA’s methodology into tactical asset allocation models. The enhancements will create more opportunities for financial advisors as the market continues to move toward model-based investing.

Historically, Nasdaq has a proven ability to bolster acquired companies’ index businesses by leveraging its distribution, technology and product generation capabilities. This is best exemplified by the acquisition of the index business of Mergent in 2012. In the two years since the deal was completed, the index business of Mergent has over-achieved its business targets and returns, resulting in licensed asset growth of 100 percent.

Friedman concluded, “We intend to integrate the DWA team with our broader Nasdaq organization, leveraging DWA’s research expertise and deep relationships with the financial advisor community, and we expect to generate revenue synergies by deepening DWA’s licensing relationships with the ETF sponsor community globally.”

For more information, please contact Rob Hughes, Nasdaq Vice President/Head of Index and Advisor Solutions.
 

Nasdaq Biotech Index Continues to Expand Global Presence Updated: 11/25/2014

We are excited to announce our continued expansion into Europe by partnering with Source to launch the first Europe-listed ETF to track the Nasdaq Biotechnology Index (NBI), the Source Nasdaq Biotechnology UCITS ETF (SBIO).

The Nasdaq Biotechnology Index (NBI) reflects the performance of over 100 biotechnology and pharmaceutical companies listed on The Nasdaq Stock Market. The 122 constituents range from global giants with diverse portfolios to smaller companies focused on a single treatment.

"Since the Nasdaq Biotechnology Index launched in 1993, it has evolved into a key industry benchmark for tracking the growth and performance of this increasingly important sector," Rob Hughes, Nasdaq head of index and advisor solutions said. "Nasdaq has been home to some of the world's most innovative companies in the Biotech sector and we are proud of our history and partnerships in the space. We are excited to team with another innovator, Source, who will introduce the Nasdaq Biotech Index to a European audience for the first time."

The Source Nasdaq Biotechnology UCITS ETF is denominated in USD and will trade on both the London Stock Exchange and the SIX Swiss Exchange. It is also registered for sale in Austria, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands and Norway.

To learn more about the Nasdaq Biotechnology Index, please visit the NBI Overview page.

Multi-Asset ETFs Continue to Grow By: Rob Hughes
on 8/27/2014

We were pleased to see MDIV and YDIV, which are issued by First Trust and based on the NASDAQ US Multi-Asset Diversified Income Index and NASDAQ International Multi-Asset Diversified Income Index respectively, mentioned in a recent article regarding multi-asset ETFs. Indexers play a prominent role in the accelerating multi-asset marketplace. Underlying this trend are investors seeking higher yields in a low rate environment. However, they have demanded that it done in a thoughtful, risk-managed way. Assembling indexes of diverse, high-yielding asset classes using a transparent, rules-based methodology can help raise investor confidence that both goals are being addressed simultaneously.

Read more about the First Trust ETFs here.

NASDAQ Global Indexes and Dorsey Wright Partner for International Focus 5 Index By: Rob Hughes
on 7/23/2014

NASDAQ OMX Global Indexes is once again excited to partner with Dorsey Wright & Associates (DWA) to launch the Dorsey Wright International Focus 5 Index. The index comprises five select exchange-traded funds from the First Trust Portfolios product line with powerful relative strength characteristics.

The First Trust Dorsey Wright International Focus 5 ETF (Symbol: IFV), based on the index of the same name, will be listed on The NASDAQ Stock Market® (NASDAQ®) and begin trading on NASDAQ today.

IFV is designed to provide targeted exposure to the five First Trust international ETFs, identified by the (DWA) index methodology, to offer the greatest potential to outperform the other ETFs in the selection universe. First Trust international ETFs provide the universe for the index selection. Using DWA's relative strength ranking system, the ETFs are compared to each other to determine inclusion. The top five ranking ETFs are included in the index and the relative strength analysis is conducted on a weekly basis with ETFs replaced when they fall sufficiently out of favor. The index is rebalanced periodically so each position is equally weighted. The design of the index allows for identification of major themes in the market, exposure to those countries or regions whose price action is superior to others, and elimination of exposure to those countries or regions whose price action is sub-par relative to others.

For more information, contact:


Rob Hughes
Vice President, Sales and Business Development
NASDAQ OMX Global Indexes
Direct: +1 212 401 8987
Robert.Hughes@nasdaqomx.com

Video: John Jacobs on the Advantages of Being Part of a Global Exchange Company By: John Jacobs
on 7/15/2014

John Jacobs, Executive Vice President, NASDAQ OMX Global Information Services, explains the advantages of being a part of a global exchange.


Transcript: The fact that NASDAQ Global Indexes is part of the NASDAQ OMX Exchange company gives us some great advantages. For example, since we power 75 markets around the planet, we have natural inroads and connections to those markets that allow us to reach those market participants and they, in turn, are the gateway to the investors. That’s why you’ve seen NASDAQ OMX Indexes, like the NASDAQ-100, for example, start being launched in ETFs and other kinds of products around the planet. We’ve got access to the local marketplace through those connections. In addition, those markets are operating on our trading technology, which is the basis for our index technology. So, again, we have a natural conduit to be able to partner in local markets. The other advantage of being a part of this exchange company is that NASDAQ OMX owns a variety of derivative exchanges, those in Europe and in the US, where we are the number one options market, for example. And when we go to ETF sponsors and other product sponsors, and we can say, “look, if you pick our index, versus another indexers benchmark, we can guarantee you that, if it’s options eligible, we will get an index option launched on your product.” And we’ve all seen that the most successful products out there are the ones that have a variety of different products on them. So you take an index, you launch an ETF and an option, and a future, and structured products, and it appeals to a wide variety of investors and traders. That ensures the most success for all the products. They don’t really compete, they are complementary. So, again, being part of this larger family, gives us great opportunities to leverage the assets of this overall company.


Video: John Jacobs on How Index Providers Compete on Price & Value By: John Jacobs
on 7/8/2014

John Jacobs, Executive Vice President, NASDAQ OMX Global Information Services, addresses the Importance of Value and Price in the Index Data Business in the third installment of his video series.


Transcript: I absolutely think indexers will compete more on price in the future. I think the bigger question is less about price and more on value. So as we’ve mentioned before, indexers, modern indexers are moving toward; full-service ones have to be multi-asset class and it has to be a scalable model, not just a technology scalable model, but a scalable model across every facet of what they do. You have to be nimble and lean when it comes to index administration, and operations and when it comes to rolling out your data in a variety of different formats. NASDAQ OMX, as part of the NASDAQ OMX Group, NASDAQ Indexes has always been a very efficiently built organization. Our goal is that the next 10,000 indexes, shouldn’t cost the same as the first 10,000 indexes. So we are continuing to roll out a superior set of indexes with an additional value proposition at the lowest possible cost. And cost matters to all the downstream users of indexes, so we are absolutely committed to being the low cost provider of indexes, data, components and performance to all the users of indexes downstream. So, I think, you’re going to see more and more, as you see in the environment with some of the ETF providers today, looking and switching benchmarks out to find ones that can give them, probably, better cost structures and certainty of the pricing of their products. We are absolutely going to continue to drive to be the low-cost index provider.


NASDAQ OMX and Chaikin Analytics launch three NASDAQ Chaikin Power Indexes Updated: 4/3/2014

NASDAQ OMX and Chaikin Analytics, LLC announced the launch of three NASDAQ Chaikin Power Indexes today: the NASDAQ Chaikin Power US Large Cap Index (NQULCHK), the NASDAQ Chaikin Power US Small Cap Index (NQUSCHK), and the NASDAQ Chaikin Power US Dividend Achievers Index (NQDACHK). These new indexes are rules-based, quantitatively enabled investment strategies designed to outperform their peers and the market based on the Chaikin Power Gauge, a multi-factor quantitative model.

Referred to as enhanced alpha indexes, the NASDAQ Chaikin Power Indexes filter the NASDAQ US 300 Index, NASDAQ US 1500 Index and NASDAQ US Broad Dividend Achievers Index. The NASDAQ Chaikin Power Indexes are available to fund managers, advisors and investors for licensing and implementation through separately managed accounts and ETFs.

Read more here

 

NASDAQ OMX Global Indexes is named the Most Innovative Index Provider of the Year by ETFExpress By: John Jacobs
on 2/27/2014

NASDAQ OMX Global Indexes has been named the Most Innovative Index Provider of the Year by the 2014 ETFExpress Global Awards. The award was presented in late February at the ETFExpress Global Awards gala in London. NASDAQ OMX Global Indexes gained the largest amount of votes in an online poll to win the title. Among the reasons for their win:

NASDAQ OMX is one of the only index providers to have products listed globally covering equities, commodities, and fixed income.

As of 2013 year-end, NASDAQ had 148 licensed ETPs globally with approximately $92.3 billion in assets under management. The ETPs based on NASDAQ indexes are listed in 16 countries, and NASDAQ OMX is the first index provider to have its indexes linked to ETPs in China, India, and Iceland.

In October 2013, NASDAQ OMX launched the NASDAQ US Rising Dividend Achievers Index, a continuation of the Dividend Achievers brand. The index was designed to include stocks that are best positioned to continue dividend increases, and the methodology includes both several dividend criteria and balance sheet criteria. The largest dividend ETF with just under $20B in assets under management tracks the NASDAQ US Dividend Achievers Select Index.

Another innovative move took place in 2013, when NASDAQ OMX partnered with Accretive Asset Management to co-brand and grow BulletShares, the first fixed-maturity corporate bond indexes; since then, assets have grown in BulletShares ETFs substantially and the NASDAQ BulletShares Ladder indexes were launched.

 

NASDAQ BuyBack Achievers Index is the basis of a New Invesco PowerShares ETF By: Rob Hughes
on 2/26/2014

We are excited to announce that Invesco PowerShares launched the Invesco PowerShares International BuyBack Achievers Portfolio (IPKW) exchange traded fund (ETF) on The NASDAQ Stock Market, providing investors efficient access to a portfolio of global companies classified as International BuyBack Achievers.

The ETF is based on the NASDAQ International BuyBack Achievers Index, which comprises international securities, excluding the United States, issued by corporations that have repurchased at least of 5% or more of outstanding shares in the trailing 12 months.
"Our U.S.-focused flagship fund, the PowerShares BuyBack Achievers Portfolio (PKW), has achieved a competitive long-term track record demonstrating the investment merit of the BuyBack Achievers methodology, and more broadly of smart beta," says Lorraine Wang, Invesco PowerShares global head of ETF products and research. "The PowerShares International BuyBack Achievers Portfolio (IPKW) expands the range of tools investors can use to efficiently allocate the BuyBack Achievers strategy across the globe."

The NASDAQ International BuyBack Achievers Index is the latest index in NASDAQ OMX’s popular Dividend AchieversTM index family. The NASDAQ Dividend Achievers are an objective composite of companies with a history of increasing dividend payouts. This select group of companies is committed to enhancing shareholder value through the return of capital to shareholders.

 

Interested In Investing In Technology Stocks? By: John Jacobs
on 2/24/2014

 

Technology companies have always been classified as growth machines, aggressively reinvesting profits and thereby sowing the seeds of innovation and future profit growth. However, individual investments in tech stocks can be a polarizing subject amongst individual investors. This is primarily due to factors surrounding the competitive nature of management, culture and corporate governance. For these reasons, owning a basket of tech stocks in the form of an Exchange-Traded Fund (ETF) may be a better strategy for some people than individual stock selection. ETFs take nearly all of the individual fundamental attributes of stocks out of the equation, allowing investors to focus on select areas of the technology ecosystem.


The opportunities in technology and the sheer number of options available for ETF investors have never been more abundant. When allocating to a technology-focused ETF, key considerations should include (1) index selection (2) fund size and (3) strategy. Striking together an intuitive balance of funds with growth or income potential could add a supplementary facet to an otherwise traditional portfolio management approach.

Shopping for an ETF by trying to compare and contrast performance and individual fund characteristics is often times an arduous task. However, it doesn’t need to be when you consider that nearly all of the details on security selection are spelled out in plain black and white. You simply need to formulate what your portfolio goals are and how you can integrate an appropriate technology ETF into your portfolio to align with those goals.

Now that ETFs are considered a mainstay investment option for short and long term investors alike, sector ETFs encompassing every form of broad-based and industry-group specific strategies have amassed a bountiful landscape of imaginative and useful products.

One of the oldest solid-state products in existence that still contends popularity is the Technology Select Sector SPDR ETF (XLK). As the second largest technology ETF by assets under management, it was originally designed alongside it peers, the Select Sector SPDRS, to be part of the 10 individual sectors of the S&P 500 Index. XLK is market cap weighted, and envelopes the cross section of technology stocks strictly within the S&P 500. For this very reason, it carries a large concentration of large-cap stalwart tech names such as Apple AAPL +0.26% Inc. (AAPL), Google GOOG +1.15% Inc. (GOOG) and Microsoft MSFT -0.29%, Inc. (MSFT).

XLK offers investors an easy avenue of overweighting technology within a diversified portfolio of broad-based market indexes. However, it’s important to consider XLK’s lack of diversification outside tech names not admitted to the S&P 500. Which in turn leaves aside small- and mid-cap names in favor of large, well established companies with long operating histories.


Created through a collaboration of traditional index formulation and fundamental characteristic research, the First Trust Technology Alphadex Fund (FXL) is an ETF which ranks and then overweights companies with strong fundamental attributes. These traits include six and 12 month price appreciation, return on assets, book value to price and cash flow to price ratios. In the end, the top 75% of the screen marks 90 stocks for inclusion to the index ranging from small to large capitalization companies.

Investors seeking niche exposure in the world of technology stocks now have the option of investing in ETFs that target specific sub-sectors of technology. These products were created specifically for tactical investors that prefer a layer of diversification, but not at the expense of including an underperforming industry group within a specific sector.

Two examples of these ETFs are the First Trust Dow Jones Internet Index (FDN) and the PowerShares NASDAQ Internet Portfolio (PNQI). These ETFs are designed to track the largest, most liquid companies that generate at least half of their revenue from an internet related business. FDN’s top holdings include Facebook Inc. (FB), Amazon Inc. (AMZN) and eBay, Inc. (EBAY), while PQNI’s top holdings are also Facebook (FB) and eBay, Inc. (EBAY), as well as Google Inc. (GOOG). An aggressive investor might favor a position in FDN to hone in on the rapidly expanding growth of internet stocks engaged in content distribution or social networking versus companies engaged in the manufacturing and sales of technology hardware or software. Since FDN and PQNI are specialized strategies, it’s no surprise that their expense ratios are 0.60%, which is significantly higher than most broad-based ETFs.

Lastly, for investors seeking income from their invested capital, there is an index strategy that can leverage the strong free cash flow and healthy balance sheet attributes of mature technology and telecommunications companies. The First Trust NASDAQ Technology Dividend ETF (TDIV) tracks a specialized index that is comprised of companies across the capitalization structure that have a consistent history of paying dividends to shareholders. TDIV carries a current SEC Yield of 2.53%, and has an expense ratio of 0.50%. An investor looking to diversify a traditional equity income portfolio outside interest rate sensitive areas such as utilities or consumer staples stocks could utilize a fund like TDIV.

As the technology landscape has evolved over time, so have the need for products targeting multiple areas of the marketplace. ETFs have proven themselves to be one of the easiest and most efficient vehicles for exposure to individual sectors and industry groups. Evaluating and selecting the appropriate ETF for your underlying goals could ultimately yield the most favorable outcome, rather than investing in individual stocks.

*All performance statistics as of 2/3/14, data provided by Morningstar.com.

 

 

NASDAQ OMX Launches Two New Indexes in the NASDAQ IBIS Index Family By: Dave Gedeon
on 2/19/2014

NASDAQ OMX has introduced two new indexes on GIDS 2.0 - the NASDAQ IBIS Focused Growth Index (NQIBIS); and the NASDAQ IBIS Focused Growth Total Return Index (NQIBIST).

“These new indexes offer the unique viewpoint of accessing an absolute return strategy, while maintaining a rules-based and rigorous selection process,” said Dave Gedeon, Managing Director of NASDAQ OMX Global Indexes. “Partnering with IBIS Capital allows the market to benefit from both the tactical allocation models and rules-based index tracking.”

The NASDAQ IBIS Focused Growth Index will invest in exchange-traded funds covering Large Cap U.S. equities, Small Cap U.S. Equities, Developed Market Equities, and Emerging Market Equities using IBIS Capital’s Quantitative Tactical Global Rotation Strategy.

The selection of assets is determined through a proprietary technology for Relative Strength. During periods of weakness across global equity markets, the index will shift into either short-term, medium-term, or long-term U.S. government bonds, depending upon prevailing interest rates.

“We are excited to partner with Nasdaq OMX Global Indexes, a pioneer in the space of innovative indexes,” said Neal McNeil III, CEO of Ibis Capital. “These new indexes will allow investors to think about benchmarking their portfolios globally and dynamically, with a focus on downside protection and upside participation of the equity markets.”

For licensing inquiries about the NASDAQ IBIS Focused Growth Index, please call NASDAQ OMX Licensing Global Data Sales at (301) 978 8050.

 

Covered Call Strategy ETFs By: Dave Gedeon
on 1/22/2014

The CBOE NASDAQ-100 BuyWrite Index (BXN) is the basis of the Recon Capital NASDAQ-100 Covered Call ETF (QYLD), which launched in December 2013. This exchange-traded fund (ETF) is the latest addition to a small, recent wave of covered-call ETFs and NASDAQ’s third in this category.

The CBOE NASDAQ-100 BuyWrite Index (BXN) measures the total return of a portfolio consisting of common stocks of the 100 companies included in the NASDAQ-100 Index and call options systematically written on those securities through a “buy-write” (or covered call) strategy. A “buy-write” strategy is an investment strategy in which the Fund buys a specific basket of stocks (such as the NASDAQ-100® Index) and sells covered call options that correspond to that basket of stocks.

“This type of product is growing more and more in popularity as investors seek ways to get an extra boost of income during this uncertain time in the market,” said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes.
“Covered calls are proliferating as they offer lower market volatility, produce income, are less expensive, and provide more liquidity than options alone. They also provide market participation in flat to slightly up/down markets making them a superior investment strategy.”

In 2013, NASDAQ launched the Credit Suisse NASDAQ Silver FLOWS 106 Index ER (QSLV) and the Credit Suisse NASDAQ Gold FLOWS103 Price Index (QGLDI).

“The buywrite strategy is the quintessential low-vol strategy where you’re buying the index and riding a call against that,” said Robert Hughes, Vice President, NASDAQ OMX Global Indexes. “Advisors today are looking at traditional low volatility, income-producing strategies, options strategies, such as covered calls/buywrites. Now NASDAQ is providing this all in one ETF. It’s much easier for FAs to sell that to a client than to have to explain how to buy/sell options, plus there’s much more liquidity in this type of strategy.”
 

 

Index Wars By: John Jacobs
on 1/16/2014

Index Wars: The effect of increased competition on ETF Providers, Pensions and other Institutional Investors. As long as investors continually look for new and better ways to invest in, track or beat the market, index providers will continually be challenged to find ways to create better, more robust benchmarks to meet customer expectations. The demand on index providers today is greater than it’s ever been. Top indexers are expected to do more and more, and as a result changes in the industry are necessary to respond to increased investor demands. This has greatly increased competition among indexers and that competition has had a direct effect on exchange-traded funds (ETFs) providers, pension funds and other institutional investors who are focused on passive investing.

Product Brand has More Power

In the past, almost anyone with a computer could create an index. They were relatively simple and didn’t require a lot of functionality. Today, however, index providers are expected to create, calculate and disseminate indexes rapidly with the ability to perform years of back-testing. Customers ranging from ETF providers to institutional investors are looking for full service indexers with sophisticated databases that have the capabilities and flexibility to respond to their growing needs.

Customer demands and priorities are shifting like we’ve never seen.  The index licensing cost component of total expense ratios has continued to decline in financial products over the last several years and ETF providers are increasingly willing to re-evaluate their current benchmarks in search for the best value available. In the early days of ETFs, the index was a key part of a buyer’s purchase decision. Companies such as S&P sold products and people bought ETFs based in large part to the overall brand of the index provider. 

While having a strong index brand is still important to investors, more and more investors are instead focusing on the brand of the product provider (e.g., Vanguard, PowerShares, etc.). Today, the top three ETF/ETP providers – IShares, SPDR ETFs and Vanguard – account for 69.6% of Global ETF/ETP assets, while the remaining providers each have less than 4% market share.1

Since the brand of the index provider is now only a part of what drives the investment decision, ETP providers have the flexibility to choose among multiple index providers offering nearly identical benchmarks. The increased competition is driving down costs, thus reducing expense ratios. Sophisticated index investors are getting smarter and more willing to look at a broader array of offerings as ETF providers share these cost saving measures with their customers.

Indexes are Becoming Commoditized

With increased competition comes the natural commoditization of products and certain index segments. Global equities are a great example. Twenty years ago, it was actually quite complicated to find a global equities ETP product; however, it is much easier today because every major indexer offers a very similar suite of benchmarks. In the same way, the market has come to expect a consistent set of standards for representing different market sectors so the diversions among index providers are much narrower than they used to be. Twenty years ago, the differences between the offerings of the various index providers were fairly wide. Today, the differences are minimal, making it easier to step from one provider to another, and ultimately reducing the cost of the product. 

Of course there are certain exceptions where index providers differentiate themselves. There are some flagship indexes such as the S&P 500 and the NASDAQ-100 where commoditization has not taken hold. There are also niche indexes, such as a sector family or specific industry-focused indexes like the NASDAQ Biotechnology Index (NBI), where a few indexers have a distinct foothold on the industry.

Pension Consultants Influence: Beyond Asset Allocation

Much of the focus on fees is thought to be on the shoulders of ETF providers, but they are only part of the ecosystem. Pension consultants, who recommend specific benchmarks to their clients, are also starting to weigh in on index licensing costs.  Up until recently, consultants were not as cognizant of how much the people downstream were paying for data. For the asset owners and their managers, this was a hidden cost.  Now, they are realizing that this data cost is a factor in overall investment performance.  Previously, consultants’ primary focus was on their clients’ asset allocation, risk tolerance and risk profile. More often than not, they would then default to the brand name indexes they were accustomed to using.

Today these indexes are receiving more scrutiny based on their pricing. Consultants need to truly understand that every decision matters and which benchmark they choose can make a huge difference in cost. They should be asking themselves the following questions:

  • Are my benchmarks truly reflective of the underlying components of that asset class? 
  • Are they trackable? 
  • Does the provider have a good track record and the ability to track the indexes it offers? 
  • Can I access the data?
  • Is it reliable?
  • What does it cost?

As the index world changes, pension funds and asset owners are going to demand more from their consultants when they walk in the door with their recommendations.

A More Informed Industry

The movement to reduce costs is a big change for the indexing industry and one that will likely accelerate over time. The entire industry —ETF providers, asset owners, pension consultants — is becoming more aware of the costs associated with various indexes and is more willing to look at alternatives to reduce these costs. As more investors become aware of the fees they are paying, the pressure will mount.

Not everyone in the indexing industry is going to be able to keep up. We are already beginning to see consolidation and in the next five to ten years the field will likely be further reduced, with only six or seven large indexers and a few niche players remaining in the game.  The mid-size indexers will more than likely disappear due to the effects of price competition. In the end, the main beneficiary from this competition will be the investor since these cost savings are passed on in the form of lower fees and expense ratios.

 

1Source: ETFGI

NASDAQ OMX: Leading the Charge in ETFs Updated: 1/12/2014

We are proud to announce that the First Trust NASDAQ Rising Dividend Achiever ETF (symbol: RDVY), based on the NASDAQ US Rising Dividend Achiever Index, launched on January 7, 2014, making it the first Exchange-Traded Fund to launch this year.

The NASDAQ US Rising Dividend Achiever index focuses on companies that have track records of boosting their payouts while maintaining strong financial metrics. To be included in the NASDAQ US Rising Dividend Achievers Index, companies must have paid a dividend in the trailing 12-month period greater than the dividend paid in the trailing 12-month period three and five years prior The Index then utilizes screens on companies’ financial condition to select the names that are in the best shape to continue to increase dividends moving forward by looking at each company’s earnings and a high cash to debt ratio.

The NASDAQ US Rising Dividend Achiever Index 50-stock lineup includes some familiar names with multi-decade dividend increase runs, including Exxon Mobil (XOM), Chevron (CVX) and Coca-Cola (KO). The index also can also include the future dividend leaders including those in the tech sector such as Cisco (CSCO), Oracle (ORCL) and Apple (AAPL).

The NASDAQ US Rising Dividend Achieves Index is the latest dividend index from NASDAQ OMX Global Indexes to be used by an ETF sponsor.

In December 2012, NASDAQ OMX acquired Mergent’s Dividend Achievers indexes, the leading brand of indexes tracking companies with strong long-term dividend growth.

“We’re taking the highly successful Dividend Achievers concept and turning it up a notch to bring a new solution to dividend focused investors who are tuned into combating rising rates while maintaining solid price appreciation. We have the right dividend story for this year with the US Rising Dividend Achiever Index. This product is an innovative way to couple exposure to traditional dividend names alongside the quickly growing dividend companies,” said Robert Hughes, Vice President, NASDAQ OMX Global Indexes.

For more information, please contact robert.hughes@nasdaqomx.com.
 

Vote for NASDAQ OMX Global Indexes 2014 Most Innovative Index Provider Updated: 1/8/2014

NASDAQ OMX Global Indexes is seeking your support in nominating us for a 2014 ETFExpress Global Award. If you're reading this, we hope you agree that NASDAQ OMX has what it takes to be “The Most Innovative Index Provider of the Year.”

Your nomination will take less than 60 seconds with three simple steps:

  1. Go to the ETFExpress web site
  2. Choose #27 “The Most Innovative Index Provider”
  3. Type in the following:

Name of Firm: NASDAQ OMX

Contact information of Firm: GlobalIndexes@NASDAQOMX.com

Short justification as to why you made this choice: We have listed below some of the reasons you might consider us for The Most Innovative Index Provider. Feel free to use these or provide your own reason.

  • NASDAQ is one of the only index providers to have products listed globally covering equities, commodities and fixed income.
  • ETPs based on NASDAQ indexes are listed in 16 countries, and NASDAQ OMX is the first index provider to have its indexes linked to ETPs in China, India and Iceland.
  • As of 2013 year-end, NASDAQ had 148 licensed ETPs globally with approximately $92.3 billion in assets under management.
  • The largest dividend ETF with just under $20B in assets under management tracks the NASDAQ US Dividend Achievers Select Index.
  • In 2013, NASDAQ OMX partnered with Accretive Asset Management to co-brand and grow BulletShares, the first fixed-maturity corporate bond indexes; since then, assets have grown in BulletShares ETFs substantially and the NASDAQ BulletShares Ladder indexes were launched.
  • In October 2013, NASDAQ OMX launched the NASDAQ US Rising Dividend Achievers Index, a continuation of the Dividend Achievers brand. The index was designed to include stocks that are best positioned to continue dividend increases, and the methodology includes both several dividend criteria and balance sheet (sustainability/quality) criteria.

The deadline for nomination is January 15, 2014. Please CLICK HERE TO VOTE NOW.

Thank you for your support!

First Trust Launches International Multi-Asset ETF Based on NASDAQ Index By: Rob Hughes
on 8/26/2013

On the heels of the recent launch of the NASDAQ International Multi-Asset Diversified Income Index (NQMAXUS), First Trust today launched a new low volatality, high yield exchange-traded product (ETF), the International Multi-Asset Diversified Income Index Fund (Ticker Symbol: YDIV), tracking the index.

Similar to the First Trust U.S. Multi-Asset Diversified Income Fund (MDIV), YDIV provides a diversified strategy with high yield components such as dividend-paying equities, real estate investment trusts (REITs), preferred stocks, infrastructure securities and fixed-income ETFs (represented by EMB, the iShares J.P. Morgan USD Emerging Markets Bond ETF.) With the exception of the fixed income, the asset class segments are generally derived from broad global benchmarks that exclude U.S. securities.

To read more about NQMAXUS, the benchmarking index for YDIV, DOWNLOAD our latest Research piece.

Vanguard Launches Two New Canadian ETFs, Benchmarked to NASDAQ OMX Index By: Rob Hughes
on 8/22/2013

Last week Vanguard listed two new exchange-traded funds (ETFs) on the Toronto Stock Exchange, based on the NASDAQ Dividend Achievers CAD Select Index. The new ETFs, the Vanguard U.S. Dividend Appreciation Index ETF (VGG) and the Vanguard U.S. Dividend Appreciation Index ETF (VGH) represent the expansion of the NASDAQ Dividend Achievers into Canada.

"The launch of these new Dividend Achiever ETFs in Canada is another milestone in the international expansion of investment products tracking NASDAQ OMX indexes," said John Jacobs, Executive Vice President of NASDAQ OMX Global Indexes. "We are continuing to expand our overall index offering and improve our Dividend and Income family of indexes to help global investors benchmark this increasingly important space."

There are now five NASDAQ Dividend Achievers indexes offering exposure to Canadian companies.

NASDAQ Bulletshares-linked ETFs Cross $3B By: Rob Hughes
on 8/5/2013

Announced in June, NASDAQ OMX partnered with Accretive Asset Management (AAM) to co-brand and expand the NASDAQ BulletShares® Indexes, a pioneering and innovative family of target-maturity corporate and high yield bond indexes. Assets of the NASDAQ BulletShares-linked Guggenheim ETFs have grown nearly 60% in 2013 ? from $1.7B as of 12/19/2012 to over $3B as of 8/2/2013.

To put this in perspective, U.S. Fixed Income ETF assets were virtually unchanged YTD through 6/30/13 ($243.1B as of year-end 2012 and $243.6B as of the end of the second quarter in 2013*).By contrast, over this same six-month period, the BulletShares ETFs are up $1B.

"Bulletshares ETF investors recognize the significant advantages of building portfolios using target maturity bond funds that act like a bond. This has pushed Bulletshares ETF assets to its historical high,” said David Krein, Head of Index Research, NASDAQ OMX.

GUGGENHEIM BULLETSHARES® HIGH YIELD CORPORATE BOND ETFS:

  • Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (BSJD)
  • Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (BSJE)
  • Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (BSJF)
  • Guggenheim BulletShares 2016 High Yield Corporate Bond ETF (BSJG)
  • Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (BSJH)
  • Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI)

GUGGENHEIM BULLETSHARES® CORPORATE BOND ETFS:

  • Guggenheim BulletShares 2013 Corporate Bond ETF (BSCD)
  • Guggenheim BulletShares 2014 Corporate Bond ETF (BSCE)
  • Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF)
  • Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG)
  • Guggenheim BulletShares 2017 Corporate Bond ETF (BSCH)
  • Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI)
  • Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ)
  • Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK)
  • Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL)
  • Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM)

*Source: BlackRock ETF Landscape reports

 

The Demand for Leveraged ETFs Continues to Multiply By: Rob Hughes
on 7/25/2013

By David Fabian, NASDAQ OMX Guest Contributor

Leveraged ETFs are some of the most widely respected and feared investment vehicles to come to market in the last 10 years. They are lauded by hedge funds, professional investors, and day traders as excellent tools to access a specific index and quickly magnify your returns. However, they have also been derided by traditional Wall Street brokers and media outlets as a dangerous weapon in the hands of unsuspecting investors. Whichever side of the argument for leveraged ETFs that you come down on, you can’t deny the continued demand and success of these sophisticated investment vehicles.

Read the entire article.

Top ETF Industry Trends and Strategies in the First Half of 2013 By: Rob Hughes
on 7/24/2013

In the first half of 2013, just one new ETF/ETP launched in the US joined the exclusive blockbuster or Billion Dollar Club.

Many ETF/ETP managers adjust their product offerings hoping to create and develop best-selling products that will enter the exclusive blockbuster or Billion Dollar Club, a milestone that indicates $1 billion in assets under management. Popular with investors, these are profitable and blockbuster products for firms. At the end of H1 2013, there were 1,478 ETFs/ETPs with assets of $1.44 trillion from 54 providers listed on three exchanges in the United States.

Just 14% or 201 of the ETFs/ETPs listed in the US have joined the exclusive blockbuster or Billion Dollar Club. The top 100 ETFs/ETPs ranked by assets, out of the 1,478, account for just over three quarters of the $1.44 trillion in assets. The top 20 or the top 1% of all ETFs/ETPs ranked by assets account for 40% of all assets.

Read Debbie Fuhr's entire Q1-Q2 recap.

 

Europe’s First Palladium ETP Updated: 7/11/2013

BOOST ETP has launched nine new leveraged and inverse ETPs in the United Kingdom that are based on indexes in the NASDAQ Commodity Index Family. These are the second set of BOOST ETP products linked to this family, bringing the total number of BOOST NASDAQ Commodity Index linked products to 25.

Product                           LSE Code           Leverage Factor 
Boost Palladium 1x Short Daily ETP 1PAS -1x
Boost Palladium 2x Leverage Daily ETP 2PAL +2x
Boost Gold 2x Short Daily ETP                 2GOS -2x
Boost Gold 1x Short Daily ETP                 1GOS -1x
Boost Gold 2x Leverage Daily ETP         2GOL +2x
Boost Silver 2x Short Daily ETP         2SIS -2x
Boost Silver 2x Leverage Daily ETP 2SIL +2x
Boost Natural Gas 2x Short Daily ETP 2NGS -2x
Boost Natural Gas 2x Leverage Daily ETP 2NGL +2x
 
“The introduction of these commodity ETPs reaffirms the success of our index construction and our rules-based, objective and transparent index methodology,” said John Jacobs, NASDAQ OMX EVP and Head of Global Information Services. “BOOST ETP has again succeeded in leveraging our indexes to quickly and efficiently develop innovative products for a wide range of investors.”

Global assets under management for short and leveraged ETPs increased 12% to $49.3 billion this year through May 31, 2013, according to BOOST ETP.

Read our press release, BOOST ETP’s education resources, or visit our Commodity Indexes page for more information.

IBB Leads Biotech ETF Inflows By: Rob Hughes
on 5/21/2013

Investor inflows into exchange traded funds (ETFs) tracking the biotechnology sector have surged as the share prices of biotech companies make a record breaking start to 2013. According to FT.com, the largest vehicle in the sector, the iShares NASDAQ biotechnology fund (IBB), based on the NASDAQ Biotechnology Index (NBI), has registered inflows of $311.5M so far this year, already surpassing the $287.8M it gathered over the whole of 2012.

IBB has risen 32.6 percent this year, outperforming the second largest fund in the sector, State Street’s SPDR S&P biotech ETF, known as XBI, which is up 25.2 per cent. XBI has attracted $40.8m in new inflows in 2013, up from $24.9m over the whole of last year.

Two ETFs Based off of NASDAQ Indexes Ranked Among Top ETFs in 2013 Updated: 5/13/2013

Index Universe named the First Trust NASDAQ Clean Edge Green Energy ETF (NASDAQ: QCLN) and the iShares NASDAQ Biotechnology Index Fund (NYSEArca: IBB) two of the best ETFs in 2013. According to the publication, QCLN  is challenging the db X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) for first position in a tally of top-performing ETFs year-to-date, with gains of 37.3 percent, and all of that linked to shares of Tesla, the luxury electric sports car maker. QCLN is based off of the NASDAQ Clean Edge Green Energy Index

IBB, the biggest and oldest biotech-focused ETF in the market, has $3.15 billion in assets gathered since its 2001 launch and has tagged on gains of 27.45 percent year-to-date, making it the ninth-best-performing ETF of 2013 so far, according to the article. It goes on to say "IBB is rising as successful treatment launches and what some see as a more 'accommodating' U.S. approvals process for new drugs fuel the biotech sector." IBB is based off of the NASDAQ Biotechnology Index

Read the entire article here.

Buyback ETF Based on NASDAQ Buyback Achievers is Outperforming the Market By: Rob Hughes
on 5/7/2013

The PowerShares BuyBack Achievers Portfolio (PKW) has been one of the best performing ETFs on the market, writes Jordan Wathen for The Motley Fool.

According to ETF Trends, year-to-date, the ETF has gained 15.7% compared to the 11.7% increase in the S&P 500. Stock components in the Powershares ETF are slightly less volatile than the S&P 500, and the ETF has consistently beaten the broad index.

PKW tries to reflect the performance of the NASDAQ Buyback Achievers Index (DRB), which is comprised of stocks that have repurchased at least 5% of their total shares outstanding over the past year and is weighted by market cap.

Read more from ETF Trends.

Read more about the DRB here.

NASDAQ  OMX Joins BOOST ETP and IMC for ETPs Seminar By: Rob Hughes
on 4/30/2013

Dave Gedeon, NASDAQ OMX’s Head of Research, will present “Commodities and Equities — The Changing Relationship” at the BOOST ETP/APCIMS CPD Manchester Regional Seminar, on Wednesday, May 1, 2013, at the Brewin Dolphin offices. This free event, which is CPD certified, will be the first of several Boost ETP regional seminars.

The seminar focuses on the current climate of the ETF market and provides insight into what industry specialists think the sector holds for investors.  In addition to Gedeon, Rick van Leeuwen, ETF Sales Trading at IMC will present on “ETFs – What to Look Out For” and Hector McNeil, Co–CEO at Boost ETP, will present on “ETFs & ETPs – The Next Generation.”

The free Boost ETP CPD-certified Regional Seminar will also be held in Jersey on May 16, 2013; Birmingham on May 23, 2013; Leeds TBC; and Edinburgh TBC. Visit www.boostetp.com for more information.

Boost ETP has a dozen products based off of NASDAQ OMX Global Indexes. 

NASDAQ® and NASDAQ® are registered trademarks of The NASDAQ Group, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies or NASDAQ proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

© 2015. The NASDAQ Group, Inc. All Rights Reserved.

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