NEW YORK, March 23, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that the NASDAQ-100 Index® is the benchmark for the first foreign index-linked financial product in China. The Guotai NASDAQ-100 Fund was recently opened for subscription by Guotai Asset Management Co., Ltd., one of the original asset managers in China, and is now available to investors in China.
"Amid growing demand for overseas products, investors in China now have exposure to 100 of the world's largest and most dynamic non-financial companies including Baidu, Apple, Microsoft and Google," said John Jacobs, Executive Vice President, NASDAQ OMX. "The Guotai NASDAQ-100 Fund is based on an index that statistically shows favorable return, volatility, and correlation characteristics that may contribute beneficially to Chinese equity dominated portfolios."
Guotai has an exclusive licensing agreement with NASDAQ OMX to use the NASDAQ-100 Index in the development of financial products in China.
"We view the NASDAQ-100 Index as a cornerstone to our international business strategy of bringing innovative investment opportunities to local investors," said Ms Xu Jin, General Manager, Guotai AMC.
The NASDAQ-100 Index is one of the most widely watched indexes in the world and the basis of nearly 1700 investment products in more than 37 countries, including the PowerShares QQQ Trust (Nasdaq:QQQQ), one of the world's most actively traded exchange-traded funds. The Index includes 100 of the largest domestic and international non-financial securities listed on NASDAQ based on market capitalization. The index reflects companies across major industry groups including computer, biotechnology, health care, telecommunications and transportation. To access a list of NASDAQ-100 companies, visit https://indexes.nasdaqomx.com/weighting.aspx?IndexSymbol=NDX&menuIndex=
To view a presentation about the NASDAQ-100 Index, visit http://www.brainshark.com/nasdaqomx/vu?pi=281648643
A photo accompanying this announcement is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7255
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
NASDAQ®, NASDAQ-100®, and NASDAQ-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is collectively referred to as "NASDAQ OMX") and have been licensed for use by Guotai Asset Management Co., Ltd. ("Guotai") for the development of an exchange traded product in China (the "Guotai Product"). The Guotai Product has not been passed on by NASDAQ OMX as to its legality or suitability, and the Guotai Product will not be issued, endorsed, sold, or promoted by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE GUOTAI PRODUCT.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may 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's 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.
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