Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF
(Thomson Reuters ONE) -
Fund is the First Ever Capital Expenditures ETF
NEW YORK, May 27, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Elkhorn
Investments will list a new exchange-traded fund (ETF), The Elkhorn S&P 500
Capital Expenditures ETF (Symbol:CAPX), which will begin trading on The Nasdaq
Stock Market today, May 27, 2015.
"We are excited to bring the first capital expenditures (capex) ETF to market,"
says Ben Fulton, former Managing Director of Global ETFs at Invesco PowerShares
and current CEO of Elkhorn Investments. "Capex is the reinvestment of resources
back into a business and a key driver of future growth, yet an overlooked area
of today's market. We believe investors are looking for factors like capex
efficiency, which identify companies that best use today's resources for
tomorrow's growth."
CAPX tracks the performance of the S&P 500 Capex Efficiency Index (Index) which
is designed to provide exposure to the 100 constituents of the S&P 500 which
have exhibited the strongest capital discipline, in the form of efficient
capital expenditures, over the near term. The Index focuses on capex efficiency,
not just capex spending levels, providing exposure to stocks that have maximized
sales per unit of capital expenditures. Firms with high capex efficiency have
historically outperformed the broader market.
"We are thrilled that Elkhorn chose The Nasdaq Stock Market to list the first
capital expenditures ETF," said Jeff McCarthy, Vice President, Head of ETP
Listings at Nasdaq. "Nasdaq prides itself on innovation and leadership in the
ETF space and is focused on providing a full level of support for both new and
existing issuers."
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 Elkhorn Investments:
Elkhorn is a leading independent investment solutions firm pioneering innovative
research-based financial products. By rethinking the relationship between
investment strategy and product structure, Elkhorn aims to design, sponsor and
distribute investable access to distinguished research in a wide array of
investment structures including ETFs, separately managed accounts (SMAs),
structured products and unit investment trusts (UITs).
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: Elkhorn Investments Media Contact:
Bill Conboy
BC Capital Partners
303-415-2290
Bill(at)bccapitalpartners.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#1924062]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 396134
Anzahl Zeichen: 6361
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF"
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