Nasdaq to List Validea Market Legends ETF
(Thomson Reuters ONE) -
Efficient Way for Investors to Gain Access to a Unique Stock Selection System
NEW YORK, Dec. 10, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that Validea
Capital Management will list a new exchange-traded fund, Validea Market Legends
ETF (Symbol: VALX), on The Nasdaq Stock Market. VALX will begin trading on
today, December 10, 2014.
"Validea Capital believes that the best way to outperform the market is to learn
from the select group of legendary investors who have done so historically,"
said John P. Reese, Chief Executive Officer of Validea Capital and co-portfolio
manager of the fund. "For over ten years, Validea Capital has been running
fundamental-based models using these legendary strategies and now the Validea
Market Legends ETF provides an easy way for individual and professional
investors to gain access to our unique stock selection approach."
According to Validea Capital, VALX is an actively managed fund that focuses on
finding the most fundamentally sound stocks using disciplined investing models
based on the strategies of Wall Street legends. The portfolio will be comprised
of 10 unique investment models, each of which is based on the strategy of an
investment legend. The strategies' investment styles range from value to growth
to income- and momentum-based approaches. The combination of different types of
investing strategies allows the fund to seek market outperformance, while still
setting itself up to perform well in different types of market environments when
different investing strategies are in favor. The systematic approach Validea
Capital uses in stock selection and portfolio management removes emotions and
biases, which often times plague both individual and professional investors and
reduce returns from the investing process. The fund will do this by focusing
exclusively on the fundamentals when selecting stocks and by employing a
disciplined rebalancing approach to ensure that the highest scoring stocks
according to the stock selection system remain in the portfolio over time.
"The VALX product launch on The Nasdaq Stock Market represents an exciting
opportunity for investors. We are proud that Validea chose Nasdaq as the home to
list their product and trade ETFs," said Walt Smith, Vice President, Head of
U.S. Equities at Nasdaq. "We believe Nasdaq gives Validea the opportunity to
access new markets and one of the single largest pools of liquidity, including a
variety of market participants and investors."
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 Validea Capital Management:
Validea Capital Management, LLC was founded based on the principle that the best
way to outperform the market is to learn from those who have done so in the
past. The firm has developed a series of computerized investment models based on
the proven strategies of Wall Street legends. Validea Capital, which is an SEC
registered investment advisor, was founded in 2004 by John P. Reese and Jack
Forehand, CFA. The firm currently manages and sub-advises over $650 million in
assets for individuals and institutions via separately managed accounts and two
mutual funds it sub-advises for the National Bank of Canada.
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: Validea Capital Management Media Contact:
Justin Carbonneau, Partner
(860) 656-0383
jcarbonneau(at)valideafunds.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#1878611]
Unternehmensinformation / Kurzprofil:
Datum: 10.12.2014 - 14:30 Uhr
Sprache: Deutsch
News-ID 358582
Anzahl Zeichen: 7401
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq to List Validea Market Legends ETF"
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