NASDAQ OMX Group Inc.
), entered into a partnership with an innovator in fixed income
securities indexing, Accretive Asset Management LLC. The liaison
is dedicated to the BulletShares Corporate Bond Index family of
Accretive. In a joint effort, NASDAQ OMX and Accretive will
endorse the BulletShares concept all over the world.
Accretive Asset Management produces investment products that
aid financial Advisors to provide better service to their
clients. It developed the BulletShares method in 2009 to merge
the benefits of individual bonds and bond funds. As of May 29,
2013, Accretive had licensed BulletShares Indices to 14
with assets worth nearly $2.5 billion under license.
NASDAQ now intends to tap this credibility of Accretive and
utilize its expertise, powerful brand name and marketing
knowledge to expand the NASDAQ BulletShares Index. The NASDAQ
BulletShares Index indicates how an investment is performing in a
diversified, held-to-maturity portfolio of fixed income
securities with a common maturity period.
With maturity dates spanning from 2013 to 2022, there are 20
indexes in total, including high yield and corporate bond
indexes. As per the agreement, the indexes are now co-branded
under NASDAQ and BulletShares. Additional plans for new versions
are in progress.
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Through the expansion of BulletShares brand globally, the deal is
expected to invite more investors for the indexes. We expect this
to help NASDAQ to gain on top line results and thereby earnings.
Once the company starts to reap the benefits, earnings is likely
to exceed our present projection of $2.66 per share for full year
2013, which translates into a year-over-year improvement of
Towards its business expansion objective, NASDAQ included a
leading Internet television network -
) to its Global Index group in Jun, 2013.
NASDAQ currently carries a Zacks Rank #3 (Hold). Among others,
CBOE Holdings Inc.
MarketAxess Holdings Inc.
) carry a favorable Zacks Rank #2 (Buy) and appear