NEW YORK, July 14, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X SuperDividend® Alternatives ETF (Symbol: ALTY), which will begin trading on The Nasdaq Stock Market Tuesday, July 14, 2015.
"After a six-year bull market and the looming threat of rising interest rates, investors are increasingly looking for investment opportunities outside of the traditional equity and fixed income asset classes," said Jay Jacobs, Research Analyst at Global X Funds. "We are excited to offer an alternatives-based solution that can potentially generate high portfolio income while diversifying potential sources of returns."
ALTY seeks to provide investors with access to a variety of alternative income generating assets, including MLPs & Infrastructure, Real Estate, Institutional Managers, and Fixed Income & Derivative Strategies. The fund's index methodology selects among the highest dividend yielding securities in each category of alternatives to increase the fund's income potential. Alternatives are generally known for lower volatility compared to equities. ALTY's methodology aims to further reduce volatility through its selection and weighting of components. By combining a variety of alternative investments into one ETF, ALTY strives to solve investors' decisions as to which alternatives to consider for their income portfolio and how to allocate among them.
"We are delighted that Global X has once again chosen Nasdaq as the listing venue for their new ETF," said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "Global X continues to bring dynamic and innovative products to market and their selection of Nasdaq is an example of how asset managers continue to see value in Nasdaq as a listing venue dedicated to supporting ETFs."
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.
About Global X Funds:
Global X is a New York-based sponsor of exchange-traded funds (ETFs), offering access to investment opportunities across global markets. Founded in 2008, Global X is recognized by individual and institutional investors for its suite of income, international, commodity and alternative funds. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing issuers of ETFs. For more information, please visit www.globalxfunds.com.
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 approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
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CONTACT: Global X Funds Media Contact: Hod Klein (212) 704-7385 (direct) firstname.lastname@example.org Nasdaq Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
Source:The NASDAQ OMX Group, Inc.