Alternative Approach Combining
Fundamental Criteria With Broad Market Volatility Weighting of
Individual Securities
NEW YORK, July 8, 2015 (GLOBE NEWSWIRE) - Nasdaq
(Nasdaq:NDAQ) announced today that Compass EMP, a Victory Capital
investment franchise, will list three new exchange-traded funds
(ETFs), Compass EMP US Small Cap 500 Volatility Weighted Index ETF
(Symbol: CSA), Compass EMP US Large Cap High Dividend 100
Volatility Weighted Index ETF (Symbol: CDL) and Compass EMP US
Small Cap High Dividend 100 Volatility Weighted Index ETF (Symbol:
CSB) on The Nasdaq Stock Market®. The funds
will begin trading today, July 8, 2015.
"We are excited to introduce these additions to
our family of broad market, strategic beta funds that help enhance
market efficiency through fundamental criteria and security
volatility weighting," said Stephen Hammers, Chief Investment
Officer at Compass EMP.
CSA seeks to provide investment results that track
the performance of the CEMP US Small Cap 500 Volatility Weighted
Index before fees and expenses. The Index is a passive broad market
index consisting of the common stock of the 500 largest U.S. based
companies with a market capitalization of less than $3 Billion with
four quarters of positive earnings weighted based on their daily
standard deviation (volatility).
CDL seeks to provide investment results that track
the performance of the CEMP US Large Cap High Dividend 100
Volatility Weighted Index before fees and expenses. The Index is a
passive broad market index consisting of the common stock of the
highest 100 dividend yielding stocks of the CEMP U.S. Large Cap 500
Volatility Weighted Index. The 100 largest U.S. based companies
with four quarters of positive earnings are weighted based on their
daily standard deviation (volatility).
CSB seeks to provide investment results that track
the performance of the CEMP US Small Cap High Dividend 100
Volatility Weighted Index before fees and expenses. The Index is a
passive index and generally consists of the common stock of the 100
highest dividend yielding stocks of the CEMP U.S. Small Cap 500
Volatility Weighted Index. The index securities are then weighted
based on their daily standard deviation (volatility).
"We appreciate Compass EMP's trust in choosing to
expand their product suite at The Nasdaq Stock Market," said Jeff
McCarthy, Vice President and Head of ETP Listings at Nasdaq.
"Nasdaq aims to fuel innovation in the market and that's exactly
what Compass EMP does with the new funds, CSA, CDL and CSB. The
funds seek an alternative approach to track the CEMP Volatility
Weighted Indexes."
Nasdaq operates an efficient platform for
successfully introducing a product suite into one of the single
largest pools of liquidity, including market participants that
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 Compass EMP:
Compass EMP, a Victory Capital investment
franchise, provides rules-based investment strategies that combine
fundamental criteria with volatility weighting to seek to improve
an investor's ability to outperform traditional indexing
strategies.
Victory Capital currently offers eight ETFs and 16
mutual funds managed by Compass EMP. For more information, please
visit www.compassempetf.com.
About Victory Capital:
Victory Capital is a multi-boutique asset
management firm, headquartered in Cleveland, OH. As of March 31,
2015, the firm had approximately $36.7 billion in assets under
management and advisement.
Victory Capital is comprised of nine autonomous
investment franchises, each with an independent culture and
investment approach. The franchises are supported by a robust
distribution and operational platform, allowing them to focus
solely on investment management.
Victory Capital provides investment advisory
services to institutional clients including corporations,
non-profits, public funds, Taft-Hartley and sub-advisory clients
through separate accounts and commingled funds. Through its
intermediary channel,
Victory Capital also offers retail and retirement
clients mutual funds and ETFs as well as separately managed
accounts through wrap fee programs and access to its investment
models through unified managed accounts. For more information,
please visit www.vcm.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: Compass EMP Media Contact:
Caroline Churchill
- Victory Capital
+1 (303) 262-3519
(office)
+1 (303) 895-5719
(mobile)
cchurchill@vcm.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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