NEW YORK, May 19, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), and CRD Analytics today announced the results of the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD), which will become effective prior to market open on Monday, May 19, 2014.
The following five securities will be added to the Index: Akamai Technologies, Inc. (Nasdaq:AKAM), Biogen Idec Inc. (Nasdaq:BIIB), Celgene Corporation (Nasdaq:CELG), Edison International (NYSE:EIX) and NetApp, Inc. (Nasdaq:NTAP).
The NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD) is an equally weighted equity index that serves as a benchmark for stocks of companies that are taking a leadership role in sustainability performance reporting and are traded on a major US stock exchange. The Index is made up of companies that have taken a leadership role in disclosing their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing. These are companies that are voluntarily disclosing their current environmental, social and governance risks as well as their revenue opportunities and how it will affect future performance according to the Global Reporting Initiative G3.1/G4 Guidelines. The securities must also meet other eligibility criteria, which include minimum requirements for market value, average daily share volume, and price. The Index is evaluated on a semi-annual basis in May and November. For more information about the NASDAQ OMX CRD Global Sustainability Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the re-ranking, the following five securities will be removed from the Index: Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C), Chevron Corporation (NYSE:CVX), Goldcorp Inc. (NYSE:GG) and Pfizer Inc. (NYSE:PFE).
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 Global Equity, Dividend Achievers, Fixed Income, Commodity, Nordic, Green Economy, and Sharia indexes. Voted "Most Innovative Index Provider" worldwide by ETF Express readers, NASDAQ Global Indexes continuously offers 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 financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com or follow the Global Indexes team on Twitter.
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.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.
About CRD Analytics
CRD Analytics is a leading provider of independent sustainability investment analytics. Using its proprietary SmartView® 360 Platform, CRD Analytics empowers its clients with actionable and performance-driven information distilled from large sets of complex data including financial, environmental, social, governance information. CRD Analytics partners with its clients to construct proprietary index-based products – Exchange-Traded Funds (ETFs), separately-managed accounts, mutual funds and Unit Investment Trusts (UITs). For more information about CRD Analytics, go to http://www.crdanalytics.com.
CONTACT: Media Contacts: Joseph Christinat, NASDAQ OMX +1.646.441.5121 Josh Machiz, NASDAQ OMX +18.104.22.16814 Issuer & Investor Contact: Natasha Selzer, NASDAQ OMX +1.301.978.8623 CRD Analytics Contact: Michael Muyot +1.347.415.6243 firstname.lastname@example.org
Source:The NASDAQ OMX Group, Inc.