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."
etfs, nasdaq non-financial, nasdaq 400, ftse nasdaq 500, nasdaq omx, nasdaq 100, nasdaq 500 etf, mid cap etf, nasdaq omx group inc., google, global x funds, nasdaq omx global index group, investment management products, bruno del ama, john jacobs, new york, finance, financial economics, investment, funds, nasdaq, omx, qcln, global x funds, executive vice president, nasdaq 400, ceo, leader in the development, google inc.
Related content

News: IOSCO Consults On Exchange Traded Funds Regulation
2231 days ago,(2012/03/14) - News Articles
The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published a consultation report, Principles for the Regulation of Exchange Tra...

News: Annual Changes To The NASDAQ-500 Index And The NASDAQ-400 Index
2326 days ago,(2011/12/10) - News Articles
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the annual re-ranking of the NASDAQ-500 Index® (Nasdaq:NDX500) and the NASDAQ-400 Index&r...

News: Regulation: Watchdog gets Smarts to keep eye on deals [Financial Times]
2014 days ago,(2012/10/17) - HFT Review
By Charles Batchelor The UK’s Financial Services Authority announced in September it would beef up its existing Zen transaction reporting software with an additional...

News: Are Tech Glitches Triggering Market Swings? [CFO.com]
1980 days ago,(2012/11/20) - HFT Review
By Vincent Ryan Another technical malfunction on the Nasdaq exchange last month may get regulators to pay more attention to core technology and infrastructure issues in the...

News: Microwave Heats Up Market Speed [Wall Street Journal]
1977 days ago,(2012/11/23) - HFT Review
By Jacob Bunge In a business where milliseconds matter, three of the largest exchange operators are looking to join the race to beam data to traders via ultrafast microwave...

News: ChartIQ and Adaptive Showcase the Future of HTML5 for Institutional Trading
964 days ago,(2015/09/02) - Adaptive Consulting
OpenFin-based Integration Delivers Seamless HTML5 Trading Experience Charlottesville, VA / London, UK – Sept 2, 2015 – ChartIQ, the leader in HTML5 fin...

News: Semi-Annual Review Of The OMX Stockholm 30 Index
2149 days ago,(2012/06/04) - News Articles
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced today the result of the semi-annual review of the OMX Stockholm 30 Index (NASDAQ OMX Stockholm: OMXS30), which will bec...

News: CFE To Launch Futures On CBOE NASDAQ-100 Volatility Index (VXN)
2167 days ago,(2012/05/18) - News Articles
CBOE Futures Exchange, LLC (CFE) announced today that it plans to launch trading on the CBOE NASDAQ-100 Volatility Index futures contract (ticker symbol VXN, futures symb...