NASDAQ OMX Lists Compass EMP Developed 500 Enhanced Volatility Weighted Index ETF
(Thomson Reuters ONE) -
An International Large Cap Stock Fund With Downside Hedging Abilities
NEW YORK, Sept. 30, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that
Compass EMP will list a new exchange traded fund, Compass EMP Developed 500
Enhanced Volatility Weighted Index ETF (Symbol: CIZ), on The NASDAQ Stock
Market(®) (NASDAQ(®)). CIZ will begin trading on NASDAQ Wednesday, October
1, 2014.
"It's exciting to introduce an innovative international, smart beta product that
seeks to outperform both traditional indexes as well as active ETFs over the
long-term," said Stephen Hammers, Chief Investment Officer at Compass EMP. "Our
latest ETF is focused on the largest 500 international equities, and may offer
performance enhancements through fundamental criteria combined with its distinct
securities volatility weighting. In addition, this ETF has the ability to
liquidate 75% of the securities in the index to cash in the event of a market
decline."
CIZ seeks investment results that correspond generally to the price and yield
performance, before fees and expenses, of the CEMP International 500 Long/Cash
Volatility Weighted Index (the "Index"). CIZ's investment objective and the
Index may be changed without shareholder approval. The Index is a passive index
and generally consists of the common stock of the 500 largest companies by
market capitalization that have their headquarters in a developed country
(excluding the U.S. and emerging markets) and the stock of which trades on an
exchange in a developed country (other than the U.S. and emerging markets). The
Index includes only those companies with consistent positive earnings (at least
its 4 most recent quarters) and is weighted based on the volatility of each
stock.
"We're pleased to welcome Compass EMP's fifth exchange traded-product (ETP) to
their innovative product suite of ETPs listed on The NASDAQ Stock Market," said
Walt Smith, Vice President, Head of U.S. Equities at NASDAQ OMX. "We are
committed to increasing the value of our partnership by continuing to facilitate
various investment opportunities across multiple asset classes."
NASDAQ OMX 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 OMX generates
opportunities for issuers to access new markets and deliver new concepts that
change the way the industry develops, manages and applies ETFs.
About Compass EMP:
Compass EMP was founded in 1996 and is a Registered Investment Advisor with the
SEC. The firm is led by David J. Moore, CFP® (Chairman), Stephen M. Hammers,
CIMA® (Chief Investment Officer) and Rob Walker (President). Compass EMP is the
creator of the CEMP Indexes, manages 21 total mutual funds and ETFs built upon
those Indexes, and offers globally diversified investment portfolios to
institutions, financial advisors and their clients. Further information is
available at www.CEMPIndex.com and www.CompassEMPFunds.com.
About NASDAQ OMX:
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 3,400 listed
companies with a market value of over $8.5 trillion and more than 10,000
corporate clients. To learn more, visit www.nasdaqomx.com.
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 OMX and its 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.
Nothing contained herein should be construed as investment advice from NASDAQ
OMX, either on behalf of a particular financial product or an overall investment
strategy. NASDAQ OMX makes no recommendation to buy or sell any financial
product or any representation about the financial condition of any company or
fund. Investors should undertake their own due diligence and carefully evaluate
financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS
STRONGLY ADVISED.
NDAQG
CONTACT: Compass EMP Media Contact:
Milin Iyer
+1 (703) 894-1042
MIyer(at)SunstarStrategic.com
NASDAQ OMX Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)NASDAQOMX.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1859498]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2014 - 14:30 Uhr
Sprache: Deutsch
News-ID 342360
Anzahl Zeichen: 6895
contact information:
Town:
New York
Kategorie:
Business News
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