The NASDAQ-100 Index Tracking Stock
(QQQ) is the First Foreign Listed Exchange Traded Fund to Trade in
Mexico
QQQ is also the First Foreign
ETF to Trade in Any Latin American Country
New York, NY, May 4, 2004 —
NASDAQ Financial
Products Services, Inc., a wholly-owned subsidiary of The NASDAQ
Stock Market, Inc. ("NASDAQ;" OTCBB: NDAQ) today announced the
extension of The NASDAQ-100 Index Tracking Stock (QQQ) into Mexico –
the first foreign Exchange Traded Fund (ETF) to trade in any Latin
American country. The stock will trade on the Global Market BMV
platform of the Bolsa Mexicana de Valores under the ticker symbol
QQQ. This move reflects recent initiatives by the Bolsa to stimulate
internationalization of the Mexican domestic securities market by
giving Mexican investors access to ETFs and other foreign securities
on the Exchange.
John Jacobs, CEO, NASDAQ Financial Products,
commented: “There are now over one million investors in QQQ. It is
the most actively traded listed equity security in the U.S., where
it is widely used by both institutional and individual investors.
Now that the Mexican market has opened to ETFs, we are delighted
that Bolsa Mexicana has made this most popular investment available
to Mexican investors.”
Guillermo Prieto, President of the Bolsa Mexicana de
Valores added: “We are really excited about having the QQQ in
Mexico. This not only means bringing to our market an extraordinary
product, but also marks the beginning of a new era in the
relationship between Mexico’s market participants and the NASDAQ
Stock Market. “We have seen the phenomenal growth in the global
market for QQQ, and now that it may be distributed in Mexico, we are
delighted that it is the first foreign ETF traded on our market.
QQQ can be bought and sold by Mexican investors via
any broker-dealer who is a member of the Bolsa Mexicana. Assets in
the Trust stand at approximately $23 billion and there are around
638.3 million shares outstanding1. In
2004, QQQ has traded an average of 96.8 million shares per day in
the U.S.2.
NASDAQ® is the largest U.S. electronic
stock market. With approximately 3,300 companies, it lists more
companies and, on average, trades more shares per day than any other
U.S. market. It is home to category-defining companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. Approximately 51% of NASDAQ-listed shares
traded are reported to NASDAQ systems. For more information about
NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com/
or the NASDAQ NewsroomSM at http://www.nasdaq.com/newsroom/.
An investor should consider investment
objectives, risks, charges and expenses carefully before investing.
For this and more complete information about QQQ, a unit investment
trust, obtain a prospectus from your broker or call 888-627-3837.
Read carefully before investing.
ALPS Distributors, Inc. is distributor of
QQQ.
(1) Source: The
Bank of New York., as of March 31, 2004.
(2) Source:
FactSet Research Systems, Inc. Characteristic of the QQQ trading in
2003. Average daily trading volume in the U.S. in the 1Q 2004 was
96.8 million shares.