Nasdaq Lists the Global X Guru™ Activist Index ETF | Be Korea-savvy

Nasdaq Lists the Global X Guru™ Activist Index ETF


Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X Guru Activist Index ETF. (image: Korea Bizwire)

Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X Guru Activist Index ETF. (image: Korea Bizwire)

press-release-notification

NEW YORK, Apr. 29 (Korea Bizwire) — Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), the Global X Guru(TM) 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

 

Source: NASDAQ OMX Group via GLOBE NEWSWIRE

press release curation and disclaimer notice

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>