Nasdaq Lists The Global X Guru(TM) Activist Index ETF
April 29 2015 - 8:30AM
Provides Access to 50 Top Equity Holdings of Major Activist
Investors in the U.S.
NEW YORK, April 29, 2015 (GLOBE NEWSWIRE) --
Nasdaq announced that Global X Funds will list a new
exchange-traded fund (ETF), the Global X GuruTM
Activist Index ETF (Symbol: ACTX), which will begin trading on The
Nasdaq Stock Market today, April 29, 2015.
"Activist investing is an increasingly popular
alpha strategy, but is often limited to investors in hedge funds
and other institutional managers," said Jay Jacobs, Research
Analyst at Global X Funds. "With the launch of ACTX, investors can
now participate in activist campaigns, but without a 2 and 20 fee
structure and with the liquidity and transparency of an ETF."
ACTX seeks to provide investors with access to 50
of the top equity holdings of major activist investors in the
United States. By investing alongside hedge funds and institutional
investors, ACTX seeks to benefit from their campaigns to unlock
shareholder value, potentially generating excess returns over US
equity benchmarks such as the S&P 500.
"We are pleased to welcome ACTX to Global X's
suite of ETPs listed on The Nasdaq Stock Market," said Jeff
McCarthy, Vice President, Head of ETP Listings at Nasdaq. "Nasdaq
endeavors to penetrate the end-user base in conjunction with our
partners at Global X to achieve the widest adoption of investment
tools like ACTX."
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@dukaspr.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
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