Nasdaq Lists iShares Commodities Select Strategy ETF
(Thomson Reuters ONE) -
All-In-One Commodity Solution That Utilizes a Dynamic Roll Methodology
NEW YORK, Oct. 16, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that
BlackRock, Inc. will list a new exchange-traded fund, iShares Commodities Select
Strategy ETF (Symbol: COMT), on The Nasdaq Stock Market. COMT will begin trading
on Nasdaq today, October 16(th), 2014.
"We believe commodities play an important role in investor's portfolios, but
investing in them can be a challenge," said Patrick Dunne, Head of iShares
Global Markets and Investments at BlackRock. "The iShares Commodities Select
Strategy ETF provides investors with comprehensive commodity exposure in a
simple, efficient way through futures and equities and removes a tax barrier
that may have kept investors away from commodities."
COMT is innovatively structured to provide cost-effective, simple access to a
diversified mix of commodities through futures and commodity-related companies.
The fund is intended to be an all-in-one commodity solution by providing
comprehensive commodity exposure in a smarter, more efficient way through both
futures and equities; removing a tax barrier that may have kept investors away
from commodities and utilizing a roll methodology that seeks to improve returns.
The fund manager uses a roll methodology designed to minimize the negative
return impact of 'contango', which describes a term structure of the futures
curve where the future price is above the expected future spot price.
Additionally, the ETF structure of COMT alleviates the need for investors to
file a K-1 at tax time.
"We are thrilled to embark on a closer partnership with BlackRock and welcome
their unique exchange-traded product to the Nasdaq family of listed companies
and ETPs," said Walt Smith, Vice President, Head of U.S. Equities at Nasdaq. "As
an operator of leading electronic trading venues in multiple asset classes
including cash equities and fixed income, we continue to facilitate various
investment opportunities in these products."
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 BlackRock:
BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At June 30, 2014,
BlackRock's AUM was $4.594 trillion. BlackRock helps clients meet their goals
and overcome challenges with a range of products that include separate accounts,
mutual funds, iShares® (exchange-traded funds), and other pooled investment
vehicles. BlackRock also offers risk management, advisory and enterprise
investment system services to a broad base of institutional investors through
BlackRock Solutions®. Headquartered in New York City, as of June 30, 2014, the
firm had approximately 11,600 employees in more than 30 countries and a major
presence in key global markets, including North and South America, Europe, Asia,
Australia and the Middle East and Africa. For additional information, please
visit the Company's website at www.blackrock.com | Twitter: (at)blackrock_news |
Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
About iShares
iShares is a global product leader in exchange traded funds with over 600 funds
globally across equities, fixed income and commodities, which trade on 20
exchanges worldwide. The iShares Funds are bought and sold like common stocks on
securities exchanges. The iShares Funds are attractive to many individual and
institutional investors and financial intermediaries because of their relative
low cost, tax efficiency and trading flexibility. Investors can purchase and
sell shares through any brokerage firm, financial advisor, or online broker, and
hold the funds in any type of brokerage account. The iShares customer base
consists of the institutional segment of pension plans and fund managers, as
well as the retail segment of financial advisors and high net worth individuals.
About Nasdaq:
Nasdaq (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 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 3,400 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 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's control. These factors include, but are not limited to factors detailed
in Nasdaq'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,
either on behalf of a particular financial product or an overall investment
strategy. Nasdaq 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: BlackRock Media Contact: Christine Hudacko +1 (415) 670-2687 (direct)
Christine.Hudacko(at)blackrock.com Nasdaq Media Contact: Alexa Sugrue +1 (212)
231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue(at)nasdaq.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#1863348]
Unternehmensinformation / Kurzprofil:
Datum: 16.10.2014 - 14:49 Uhr
Sprache: Deutsch
News-ID 344648
Anzahl Zeichen: 8025
contact information:
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New York
Kategorie:
Business News
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