Efficient Way for Investors to Gain Access to a Unique Stock Selection System
NEW YORK, Dec. 10 (Korea Bizwire) — Nasdaq today announced that Validea Capital Management will list a new exchange-traded fund, Validea Market Legends ETF (Symbol: VALX), on The Nasdaq Stock Market. VALX will begin trading on today, December 10, 2014.
“Validea Capital believes that the best way to outperform the market is to learn from the select group of legendary investors who have done so historically,” said John P. Reese, Chief Executive Officer of Validea Capital and co-portfolio manager of the fund. “For over ten years, Validea Capital has been running fundamental-based models using these legendary strategies and now the Validea Market Legends ETF provides an easy way for individual and professional investors to gain access to our unique stock selection approach.”
According to Validea Capital, VALX is an actively managed fund that focuses on finding the most fundamentally sound stocks using disciplined investing models based on the strategies of Wall Street legends. The portfolio will be comprised of 10 unique investment models, each of which is based on the strategy of an investment legend. The strategies’ investment styles range from value to growth to income- and momentum-based approaches. The combination of different types of investing strategies allows the fund to seek market outperformance, while still setting itself up to perform well in different types of market environments when different investing strategies are in favor. The systematic approach Validea Capital uses in stock selection and portfolio management removes emotions and biases, which often times plague both individual and professional investors and reduce returns from the investing process. The fund will do this by focusing exclusively on the fundamentals when selec
ting stocks and by employing a disciplined rebalancing approach to ensure that the highest scoring stocks according to the stock selection system remain in the portfolio over time.
“The VALX product launch on The Nasdaq Stock Market represents an exciting opportunity for investors. We are proud that Validea chose Nasdaq as the home to list their product and trade ETFs,” said Walt Smith, Vice President, Head of U.S. Equities at Nasdaq. “We believe Nasdaq gives Validea the opportunity to access new markets and one of the single largest pools of liquidity, including a variety of market participants and investors.”
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 Validea Capital Management:
Validea Capital Management, LLC was founded based on the principle that the best way to outperform the market is to learn from those who have done so in the past. The firm has developed a series of computerized investment models based on the proven strategies of Wall Street legends. Validea Capital, which is an SEC registered investment advisor, was founded in 2004 by John P. Reese and Jack Forehand, CFA. The firm currently manages and sub-advises over $650 million in assets for individuals and institutions via separately managed accounts and two mutual funds it sub-advises for the National Bank of Canada.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, 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 over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.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.
CONTACT: Validea Capital Management Media Contact:
Justin Carbonneau, Partner
Nasdaq Media Contact:
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Source: NASDAQ OMX via GLOBE NEWSWIRE