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.
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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Source: NASDAQ OMX Group via GLOBE NEWSWIRE