Nasdaq Lists The AlphaMark Actively Managed Small Cap ETF
(Thomson Reuters ONE) -
Only Actively Managed ETF in the Small Cap Growth Space
NEW YORK, April 21, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that US Bancorp
will list a new exchange-traded fund (ETF), The AlphaMark Actively Managed Small
Cap ETF (Symbol: SMCP), which will begin trading on The Nasdaq Stock Market
today, April 21, 2015.
"The AlphaMark Small Cap ETF will provide actively managed small cap exposure
driven by high quality earnings momentum at a reasonable price to cash flow
while utilizing an alpha preservation strategy," said Michael Simon, Founder and
CIO of AlphaMark Advisors, LLC.
SMCP is designed to invest in U.S.-listed securities, including American
depositary receipts, which are less than $5 billion in market capitalization.
AlphaMark will take a "bottom up" approach to target stocks exhibiting
consistent growth, earnings and cash flow to arrive at a portfolio of 25-40
stocks based on earnings momentum, cash flows relative to capital spending, and
reviews of financial statements, enterprise value and management.
The fund will use an indexing strategy during periods when the managers believe
that the stocks targeted via their analysis are unlikely to outperform the
small-cap segment of the U.S. market. SMCP can exit positions if there are
material changes in the company or in the industry the company operates in, or a
drop-off in earnings momentum. There are no other actively managed ETFs
specifically targeting the small-cap growth space, and the largest index-based
fund in the space, the iShares Russell 2000 Growth ETF (IWO | A-84), has $6.8
billion in assets under management. The average market capitalization of its
components is $2.2 billion, just above the upper end of the range targeted by
the planned AlphaMark ETF.
"We are pleased to launch SMCP with our partners at AlphaMark and we appreciate
their confidence in choosing the Nasdaq marketplace to list and trade ETFs,"
said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "We believe
AlphaMark will benefit from increased product exposure and access to one of the
single largest pools of liquidity."
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.
AlphaMark Advisors, LLC:
AlphaMark Advisors is a Registered Investment Advisor founded in 1999 caring for
over $325 million in assets under management. AlphaMark Advisors provides
unparalleled investment counsel to institutions, mutual funds, trusts, pensions
and high net worth individuals. The firm's investment philosophy is grounded by
an appreciation of risk while investing in large cap and small cap high quality
companies exhibiting earnings momentum yet trading at a reasonable price to cash
flow valuation.
US Bancorp Partners:
U.S. Bancorp (NYSE:USB) with $403 billion in assets as of December 31, 2014, is
the parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The company operates 3,176 banking offices
in 25 states and 5,022 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. Visit U.S. Bancorp on the web at
usbank.com.
About Nasdaq:
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.
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: AlphaMark Advisors Media Contact:
Christian A. Lucas
(859) 957-1803
clucas(at)alphamarkadvisors.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#1912675]
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