NEW YORK, Nov. 13, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has introduced fourteen new indexes in the NASDAQ® Newfound™ Index Family.
The NASDAQ Newfound Index Family features rules-based, quantitatively enabled investment strategies created by Newfound Research LLC and tracks specific investment strategies through the use of exchange-traded funds (ETFs). The indexes are designed to utilize ETFs to allow for specific outcomes to be achieved as an overlay on a broad market experience.
These initial indexes represent a unique investment strategy including defensive equities, target yields, risk managed income, and a dynamic market neutral strategy.
NASDAQ OMX and Newfound expect the new indexes will be available for licensing and implementation through separately managed accounts and, in some cases, ETFs.
"The NASDAQ Newfound Indexes give investment and asset managers unique outcome-oriented investment strategies for their clients' portfolios," said Dave Gedeon, Managing Director of NASDAQ OMX Global Indexes. "The intellectual property captured within Newfound Research is powerful and distinct compared to other broad market strategy indexes. Our target excess yield indexes, for example, are unique and we look forward to comparing them to traditional fixed income products over time."
"Newfound has been recognized as a premier provider of ETF Managed Portfolios to its distribution partners," said Corey Hoffstein, Chief Investment Officer of Newfound. "NASDAQ OMX is recognized throughout the world as an innovative, market-leading index provider with an extensive network of partnerships. By combining our strengths, asset managers around the world will gain access to these custom investment strategies."
The initial group of NASDAQ Newfound Indexes, listed below, is the result of a collaboration between NASDAQ OMX and Newfound Research LLC (www.thinknewfound.com).
|Index Symbol||Index Name|
|NQNFGEQ||NASDAQ Newfound Global Defensive Equity Index|
|NQNFGEQT||NASDAQ Newfound Global Defensive Equity Total Return Index|
|NQNF1YL||NASDAQ Newfound 1% Target Excess Yield Index|
|NQNF1YLT||NASDAQ Newfound 1% Target Excess Yield Total Return Index|
|NQNF2YL||NASDAQ Newfound 2% Target Excess Yield Index|
|NQNF2YLT||NASDAQ Newfound 2% Target Excess Yield Total Return Index|
|NQNF3YL||NASDAQ Newfound 3% Target Excess Yield Index|
|NQNF3YLT||NASDAQ Newfound 3% Target Excess Yield Total Return Index|
|NQNF4YL||NASDAQ Newfound 4% Target Excess Yield Index|
|NQNF4YLT||NASDAQ Newfound 4% Target Excess Yield Total Return Index|
|NQNFINC||NASDAQ Newfound Risk Managed Income Index|
|NQNFINCT||NASDAQ Newfound Risk Managed Income Total Return Index|
|NQNFLS||NASDAQ Newfound US Dynamic Long/Short Index|
|NQNFLST||NASDAQ Newfound US Dynamic Long/Short Total Return Index|
For licensing inquiries about NASDAQ Newfound Indexes as model portfolios for separately managed accounts or for registered products to be offered by ETF providers or mutual fund advisors, please call +301.978.8050.
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $7 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500).
Newfound Research is an independent financial technology and product innovation firm offering clients agile and accessible quantitative solutions. Since its inception in 2008, Newfound has collaborated with clients to create investment strategies rooted in quantitative integrity, requiring both quantitative depth and qualitative insight that deliver a more consistent fit between portfolio behavior and investor expectations. Newfound's utilities range from proprietary tactical timing models and proprietary risk measures to customized allocation techniques. For more information about Newfound, visit www.thinknewfound.com.
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 financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding NASDAQ's 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.
Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performance does not guarantee future results. As of the date of this press release, none of the investment strategies mentioned in this press release currently have live assets invested in any fund, separately managed account or other financial product that seeks to track the index's performance, and any performance results for periods prior to the inception date of the calculation and dissemination of each index is back tested and not live and does not reflect any transaction or other fees that an investor would need to pay when investing in a similar strategy.
None of the information in this press release constitutes an offer to sell (or a solicitation of an offer to buy), any security, financial product or other investment vehicle or any trading strategy.
You cannot invest in an index. NASDAQ OMX does not issue, sponsor, endorse, market, offer, review or otherwise express any opinion regarding any investment or financial product that may be based on or linked to the performance of these investment strategies.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein 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® Newfound™ Indexes and NASDAQ OMX's other 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.
Source:The NASDAQ OMX Group, Inc.