NEW YORK, Oct. 28, 2009 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Claremont Investment Partners have introduced The NASDAQ OMX Industry Leaders Index (Nasdaq:NILI (Nasdaq:NILX), a benchmark for high quality fundamentally weighted index performance.
The index is based on the patented quantitative and proprietarily weighted methodology created by Claremont's founding partner, Gerald P. Sullivan. The Industry Leaders(R) Portfolio Strategy is a patented investment process that creates a portfolio of between 65 and 85 large cap Blue Chip companies in 45 to 60 industries with superior credit quality. The index leverages elements of equal weight, fundamental and non-traditional index methodologies to create the monthly portfolio allocations. The strategy is currently employed in a Morningstar 4 star rated mutual fund, The Industry Leaders Fund (ILFIX, ILFLX).
"We are excited to be a partner with one of the most dynamic, technologically-advanced exchanges in the world. We believe The NASDAQ OMX Industry Leaders Index will become an industry leader in the large cap, fundamentally weighted index universe. Our 10 year plus track record of actual (not hypothetical) results at the Fund is testament to the value that can be derived from our disciplined, quantitative and consistent index based approach to investing," said Gerry Sullivan, Chief Investment Officer and CFO of Claremont Investment Partners.
"We are pleased to partner with an industry leader such as Claremont Investment Partners," said John Jacobs, Executive Vice President, NASDAQ OMX. "Claremont is an inventor of a proven, patented investment strategy and both NASDAQ OMX and Claremont share a commitment to transparency and innovation."
To view a list of companies in the NASDAQ OMX Industry Leaders Index, visit https://indexes.nasdaqomx.com/weighting.aspx?IndexSymbol=NILI&menuIndex=0.
NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world. As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has more than 1,500 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
Access to essential historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
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 over 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).
About Claremont Investment Partners
Claremont Investment Partners are advisors to the Industry Leaders(R) Fund and inventors of its proven, patented Industry Leaders(R) Portfolio Strategy. Founded in 1996, the firm is a New Jersey women-owned business. Guided by more than fifty years of financial industry experience, Claremont's highly disciplined and repeatable investment strategy selects a diverse portfolio of leading companies based on their financial strength. Unlike many traditional methods, industry allocation precedes stock selection. As we all know past performance is not indicative of future results but historically the fund has created consistent and above-average returns. Claremont's Industry Leaders Fund has an outstanding, 10 year track record based on total return and risk-adjusted performance relative to the S&P 500. http://www.claremont.net/http://www.ilfund.com
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 The NASDAQ OMX Industry Leaders Index 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.
CONTACT: NASDAQ OMX Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.Com Claremont Investment Partners - The Industry Leaders Fund Media Contact: John M. Gregory, EVP, Director of Sales 908-273-5440 x 12 firstname.lastname@example.org www.Ilfund.com
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