ETPs Based on NASDAQ OMX Commodity Indexes are Introduced
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced exchange-traded product (ETP) provider BOOST ETP will launch nine new exchange-traded products (ETPs) in the United Kingdom (UK) that are based on indexes in the NASDAQ Commodity Index FamilySM. They are the second set of BOOST ETP products linked to the NASDAQ Commodity Index Family and the total number of BOOST’s ETPs on this Family increases to 25.
“The introduction of these commodity ETPs reaffirms the success of our index construction and our rules-based, objective and transparent index methodology,” said John Jacobs, NASDAQ OMX EVP and Head of NASDAQ OMX Global Indexes. “BOOST ETP has again succeeded in leveraging our indexes to quickly and efficiently develop innovative products for a wide range of investors.”
Global assets under management for short and leveraged ETPs increased 12-percent to $49.3 billion this year through May 31, 2013, according to the BOOST ETP Global Short & Leveraged ETF/ETP Report.
“As the market for leveraged and short ETPs rapidly expands, we will continue to collaborate with NASDAQ OMX Global Indexes to bring to market a variety of investment products in a cost-effective and efficient fashion,” commented BOOST ETP Co-CEO Hector McNeil. “Thanks to NASDAQ OMX Global Indexes, we are able to meet demand from investors who want a variety of leveraged ETP options.”
The following ETPs will begin trading today on the London Stock Exchange:
|Boost Gold 1x Short Daily ETP||
|Boost Gold 2x Short Daily ETP||
|Boost Gold 2x Leverage Daily ETP||
|Boost Palladium 1x Short Daily ETP||
|Boost Palladium 2x Leverage Daily ETP||
|Boost Natural Gas 2x Short Daily ETP||
|Boost Natural Gas 2x Leverage Daily ETP||
|Boost Silver 2x Short Daily ETP||
|Boost Silver 2x Leverage Daily ETP||
The introduction of the new suite of commodity ETPs come six months after BOOST ETP launched the first ETPs that are based on indexes in the NASDAQ Commodity Index Family.
Earlier this year, BOOST ETP became the first ETP provider in Europe to focus on issuing 3x leveraged and 3x short ETPs and introduced two ETPs based on the popular NASDAQ-100 Index®: the BOOST NASDAQ 100® 3x Leverage Daily ETP and the BOOST NASDAQ 100® 3x Short Daily ETP.
BOOST expects to introduce up to 100 different ETPs across all asset classes in the next two years. For more information about BOOST ETP, visit www.boostetp.com.
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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 the NASDAQ OMX Commodity Index Family and NASDAQ OMX’s other 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 OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’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.
NASDAQ®, NASDAQ-100®, NASDAQ-100 Index® and NASDAQ OMX Commodity Index FamilySM are trade/servicemarks of The NASDAQ OMX Group, Inc. (which collectively with its affiliates is referred to as “NASDAQ OMX”) and are licensed for use by BOOST ETP. None of the ETPs set forth above have been passed on by NASDAQ OMX as to their legality or suitability. The ETPs are not issued, endorsed, or sold by NASDAQ OMX, and NASDAQ OMX makes no warranties and bears no liability with respect to the ETPs.
The information contained above is provided for informational and educational purposes only, and nothing set forth above should be construed as investment advice, either on behalf of a particular investment product or an overall investment strategy. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.