Nasdaq Lists First Trust International IPO ETF
(Thomson Reuters ONE) -
International Index-Tracking Fund Focused on Timely Investment Opportunities
NEW YORK, Nov. 5, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that First
Trust will list one new exchange-traded fund, First Trust International IPO ETF
(Symbol: FPXI), on The Nasdaq Stock Market. FPXI will begin trading on Nasdaq
today, November 5(th), 2014.
"Recent IPOs and spin-offs represent an important segment of the international
stock market that is often absent from broad international index ETFs," said
Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust.
"This fund provides a diversified and systematic strategy for investors to gain
exposure to these stocks before many are added to broad international index
funds."
FPXI seeks investment results that correspond generally to the price and yield
(before the fund's fees and expenses) of an equity index called the IPOX
International Index. The IPOX International Index measures the performance of
the 50 largest and typically most liquid companies that are domiciled outside
the U.S. within the IPOX Global Composite Index (the base index). The base index
is constructed and managed to provide a broad and objective view of global
aftermarket performance of recent IPOs and spin-offs in both emerging and
developed countries. After applying initial screens for diversification, capping
and liquidity, all eligible constituents generally enter the base index on the
close of the sixth trading day. The 50 largest stocks from this universe are
selected for the IPOX International Index and added upon quarterly rebalance.
The unique characteristics of IPOs and spin-offs tend to fade over the course of
about four years, so constituent stocks are removed from the index after no more
than 1000 trading days (approximately four years).
"Launching another innovative First Trust exchange-traded fund on The Nasdaq
Stock Market is an exciting endeavor," said Walt Smith, Vice President, Head of
U.S. Equities at Nasdaq. "We value our position as First Trust's listing venue
partner for the First Trust International IPO ETF and will continue to offer
end-to-end support as they expand their portfolio of investment ideas."
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 First Trust:
First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P.,
are privately held companies which provide a variety of investment services,
including asset management and financial advisory services, with collective
assets under management or supervision of approximately $90 billion as of
September 30, 2014 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts. First Trust is
based in Wheaton, Illinois. For more information, visit
http://www.ftportfolios.com.
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 3,500 listed companies with
a market value of over $8.8 trillion and more than 10,000 corporate clients. To
learn more, visit www.nasdaq.com/ambition or 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: First Trust Media Contact:
Ryan Issakainen
+1 (630) 765-8689
Rissakainen(at)ftadvisors.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#1868635]
Unternehmensinformation / Kurzprofil:
Datum: 05.11.2014 - 14:35 Uhr
Sprache: Deutsch
News-ID 349955
Anzahl Zeichen: 6988
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Lists First Trust International IPO ETF"
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