Nasdaq Lists The Global X YieldCo Index ETF
(Thomson Reuters ONE) -
Emerging Asset Class That Offers Investors Alternative Income Exposure
NEW YORK, May 28, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Global X Funds
will list a new exchange-traded fund (ETF), the Global X YieldCo Index ETF
(Symbol: YLCO), which will begin trading on The Nasdaq Stock Market Thursday,
May 28, 2015.
"YieldCos are an emerging asset class that meets many of the key investment
characteristics investors are looking for, such as high current income, low
volatility and the opportunity for dividend growth," said Jay Jacobs, Research
Analyst at Global X Funds. "We are excited to bring this asset class to
investors who have traditionally looked to MLPs and REITs for alternative income
exposure."
YLCO seeks to provide investors with access to YieldCos, an emerging asset class
of yield vehicles that are structured to deliver stable and growing dividend
income derived from a portfolio of renewable energy assets. YieldCos looks for
opportunities to add new operating assets to their portfolios, which can help
grow cash flows and distributions to shareholders over time.
"We are pleased to launch YLCO with our partners at Global X 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. "Global X
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.
About Global X Funds:
Global X is a New York-based sponsor of exchange-traded funds (ETFs), offering
access to investment opportunities across global markets. Founded in 2008,
Global X is recognized by individual and institutional investors for its suite
of income, international, commodity and alternative funds. With over 40 funds
available across U.S. and foreign exchanges, Global X is one of the fastest
growing issuers of ETFs. For more information, please visit
www.globalxfunds.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: Global X Funds Media Contact:
Hod Klein
(212) 704-7385 (direct)
hod(at)dukaspr.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#1924446]
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 396514
Anzahl Zeichen: 6117
contact information:
Town:
New York
Kategorie:
Business News
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"Nasdaq Lists The Global X YieldCo Index ETF"
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