NEW YORK, March 24, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the semi-annual evaluation of the NASDAQ® Clean Edge® Smart Grid Infrastructure Index (Nasdaq:QGRD), which became effective prior to market open on Monday, March 24, 2014.
The following eight securities will be added to the Index: Toshiba Corp. (6502 JP), Osaki Electric Co Ltd. (6644 JP), Badger Meter Inc. (NYSE:BMI), Echelon Corporation (Nasdaq:ELON), Eaton Corp PLC (NYSE:ETN), Honeywell International Inc. (NYSE:HON), Johnson Controls Inc. (NYSE:JCI) and PSI Group ASA (PSI NO).
The Index is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is evaluated semi-annually in March and September. For more information about the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (Nasdaq:GRID), is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index.
As a result of the evaluation, the following security will be removed from the Index: Acorn Energy Inc. (Nasdaq:ACFN).
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.
About NASDAQ OMX Group
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 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
About Clean Edge, Inc.
Clean Edge, Inc., founded in 2000, is the world's first research and advisory firm devoted to the clean- tech sector. The firm delivers an unparalleled suite of clean-energy benchmarking services including stock indexes, utility and consumer surveys, and regional leadership tracking, providing companies, investors, NGOs, and governments with timely research, trending analysis, and actionable insights. Managing director Ron Pernick and senior editor Clint Wilder are coauthors of the widely acclaimed business books The Clean-Tech Revolution (HarperCollins, 2007) and Clean-Tech Nation (HarperCollins, 2012). To keep abreast of the latest clean-tech trends, or for more information on the company, visit www.cleanedge.com.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding NASDAQ's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Media Contacts: Joseph Christinat, NASDAQ OMX +1.646.441.5121 Josh Machiz, NASDAQ OMX +126.96.36.19914 Issuer & Investor Contact: Natasha Selzer, NASDAQ OMX +1.301.978.8623 Clean Edge Contact: Ron Pernick, Clean Edge +1.503.493.8681