NEW YORK, Jul. 8 (Korea Bizwire) — 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(R). 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.
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.
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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.
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CONTACT: Compass EMP Media Contact:
Caroline Churchill – Victory Capital
+1 (303) 262-3519 (office)
+1 (303) 895-5719 (mobile)
Nasdaq Media Contact:
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Source: NASDAQ OMX Group via GLOBE NEWSWIRE