Annual Changes to the NASDAQ OMX US Water Index (PHO, XYL, ITT, TRIT)
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the annual evaluation of the NASDAQ OMX US Water IndexSM (Nasdaq:GRNWATUSL), which will become effective prior to market open on Monday, June 18, 2012. The following security will be added to the Index: Xylem Inc. (NASDAQ:XYL). The Index is designed to track the performance of the companies creating products that conserve and purify water for homes, businesses, and industries which are listed on a US Exchange. The Index is weighted in such a matter as to enhance the underlying liquidity and increase the tradability of the Index Securities. The NASDAQ OMX US Water Index is evaluated annually in June. For more information about the NASDAQ OMX US Water Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ OMX US Water Index is the basis for the PowerShares Water Resources Portfolio (NYSEARCA:PHO), an exchange-traded fund which seeks investment results that correspond generally to the price and yield of the NASDAQ OMX US Water Index before fees and expenses.
As a result of the evaluation, the following two securities will be removed from the Index: ITT Corp. (NASDAQ:ITT) and Tri-Tech Holding Inc. (NASDAQ:TRIT).