NEW YORK, July 1, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that Compass EMP will list three new exchange traded funds (ETFs) on Wednesday, July 2nd, 2014. Compass EMP U.S. 500 Volatility Weighted Index ETF (Symbol:CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (Symbol:CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (Symbol:CDC), will list on The NASDAQ Stock Market® (NASDAQ®).
"We are excited to introduce the first broad market, smart beta index that enhances market efficiency through fundamental criteria and security volatility weighting," said Stephen Hammers, Chief Investment Officer of Compass EMP Funds. "These ETFs are also the first to market that have the ability to liquidate 75% of the securities in the index to cash in the event of a market decline."
The CFA Fund finds investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Volatility Weighted Index (the "CFA Index"). The CFA Index is a passive broad market index consisting of the common stock of the 500 largest U.S. based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility).
CFO looks for investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index (the "CFO Index"). The CFO Index is a passive broad market index consisting of the common stock of the 500 largest U.S. based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
CDC seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index (the "CDC Index"). The CDC Index is a passive index and generally consists of the common stock of the 100 highest dividend yielding stocks of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
"We are pleased to launch CDC, CFA and CFO with our partners at Compass EMP and we are thrilled they chose the NASDAQ marketplace to list and trade their ETFs," said Dave LaValle, Head of Exchange Traded Product Listings at NASDAQ OMX. "Compass EMP will benefit from NASDAQ's highly efficient listings platform for Exchange Traded Product suites and the liquidity spectrum we represent."
NASDAQ OMX 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 at every level including index licensing, listings opportunities, data offerings and trading services. As a home to the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.
About Compass EMP:
Compass EMP Funds was co-founded in 1996 and is a Registered Investment Advisor with the SEC. The firm is led by David J. Moore, CFP® (Chairman), Stephen M. Hammers, CIMA® (Chief Investment Officer) and Robert W. Walker (President). Compass EMP Funds manages sixteen volatility weighted index based mutual funds and offers globally diversified investment portfolios to institutions, financial advisors and their clients. Further information is available at www.CEMPIndex.com and www.CompassEMPFunds.com.
About NASDAQ OMX:
NASDAQ OMX (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 OMX 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 OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit 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 OMX 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 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.
Compass EMP U.S. 500 Volatility Weighted Index ETF, Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF, and Compass EMP US EQ Income 100 Enhanced Volatility Weighted Fund, have not been passed on by NASDAQ OMX as to its legality or suitability, and it is not issued or sold by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE COMPASS EMP U.S. EQ INCOME 100 ENHANCED VOLATILITY WEIGHTED FUND, COMPASS EMP U.S. 500 VOLATILITY WEIGHTED INDEX ETF AND COMPASS EMP U.S. 500 ENHANCED VOLATILITY WEIGHTED INDEX.
Nothing contained herein should be construed as investment advice from NASDAQ OMX, either on behalf of a particular financial product or an overall investment strategy. NASDAQ OMX 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: Compass EMP Media Contact: Milin Iyer +1 (703) 894-1042 MIyer@SunstarStrategic.com NASDAQ OMX Media Contact: Alexa Sugrue +1 (212) 231-5552 Alexa.Sugrue@NASDAQOMX.com
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