Nasdaq Lists The Recon Capital FTSE 100 ETF
(Thomson Reuters ONE) -
Offers Country-Specific Exposure to European Markets
NEW YORK, April 29, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Recon Capital
Partners will list a new exchange-traded fund (ETF), The Recon Capital FTSE 100
ETF (Symbol: UK), which will begin trading on The Nasdaq Stock Market today,
April 29, 2015.
"Nasdaq is a leading-edge and modern marketplace, making it the perfect place to
list the Recon Capital FTSE 100 ETF," says Kevin Kelly, CIO of Recon Capital
Partners. "It has demonstrated a commitment and a growing presence in the ETP
market, which is why we once again turned to the Nasdaq when we decided to
launch UK. We believe that Nasdaq's reputation, coupled with the innovative
features of UK, will support a successful investor offering."
UK is designed to give U.S. investors direct access to the well-capitalized
listed companies on the London Stock Exchange. Recon Capital partnered with FTSE
and the London Stock Exchange to license its flagship index. The fund will have
an initial expense ratio of 45 basis points. UK provides U.S. investors with
exposure to the premier benchmarks in Europe and joins its sister product, the
Recon Capital DAX Germany ETF (Symbol: DAX), listed on The Nasdaq Stock Market.
By utilizing UK and DAX, investors can tap into the strongest economies in
Europe and the underlying blue chip companies based in Britain and in Germany.
"Recon Capital launched their first ETF in 2013 and we appreciate their
continued confidence in choosing Nasdaq as a primary market listing venue," said
Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "As Nasdaq
continues to focus on exchange-traded products, we look to provided continued
support to Recon Capital's innovative product expansion."
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 Recon Capital Partners:
Recon Capital Partners, LLC is an SEC Registered Investment Adviser
headquartered in Greenwich, CT that focuses on bringing innovative, efficient,
and niche products to the exchange traded fund universe. Recon's funds are for
institutional investors, financial professionals, and individual investors that
need liquid, transparent, and cost effective strategies.
Recon Capital uses its investment expertise and operational infrastructures to
deliver market-driven, value-added products that meet the evolving needs of
global investors.
To visit the fund manager's website, please visit www.ReconCapitalPartners.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: Recon Capital Partners Media Contact:
Lauren McCormack Davis - GREGORY FCA
(610) 228-2103 (direct)
(610) 220-8635 (mobile)
lauren(at)gregoryfca.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#1916429]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 389487
Anzahl Zeichen: 6716
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Lists The Recon Capital FTSE 100 ETF"
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