ADVISORY, March 3, 2015 (GLOBE NEWSWIRE) --
BioShares ETFs, will visit the Nasdaq MarketSite in Times Square to celebrate their listing of two exchange-traded funds (ETFs).
The BioSharesTM Biotechnology Clinical Trials Fund (Nasdaq:BBC) and the BioSharesTM Biotechnology Products Fund (Nasdaq:BBP), began trading on The Nasdaq Stock Market on December 17, 2014. BBC is a fund that seeks to track an index of biotechnology companies with a principal focus on running human clinical trials. BBP is a fund that seeks to track an index of biotechnology companies with one or more drugs approved by the FDA and in commercial production. Both funds employ an equal weighting approach that allows each security’s performance to affect the ETF equally, regardless of the size of the company.
In honor of the occasion, Paul Yook, Co-Founder of LifeSci Index Partners and Andrew MacDonald, Ph.D, Chief Executive Officer of LifeSci Index Partners will ring the Opening Bell.
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Wednesday, March 4, 2015 – 9:15 a.m. to 9:30 a.m. ET
BioShares ETFs Media Contact:
Arro Financial Communications
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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A webcast of the Nasdaq Opening Bell will be available at: https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx
To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
About LifeSci Index Partners, LLC:
LifeSci Index Partners, LLC is an index provider of biotechnology-focused stock market indices and also serves as the investment sub-advisor for the BioShares exchange traded funds. The principals of our firm are also founders of and/or are affiliated with LifeSci Advisors, LLC, a unique investor relations consultancy founded to provided companies in the life sciences a comprehensive solution to investor communications and outreach. Etfis Capital LLC serves as the investment adviser and LifeSci Index Partners, LLC serves as the sub-adviser to BioShares ETFs. BioShares ETFs are distributed by ETF Distributors LLC, an affiliate of Etfis Capital LLC. For more information, please visit www.bioshares.com.
About Nasdaq’s ETP Listings Business:
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. 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.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq 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 is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.business.nasdaq.com.
Source:The NASDAQ OMX Group, Inc.