Nasdaq Lists The Recon Capital FTSE 100 ETF
April 29 2015 - 8:30AM
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@gregoryfca.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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