Nasdaq Lists The Global X Guru(TM) Activist Index ETF
April 29 2015 - 8:30AM
Nasdaq announced that Global X Funds will list a new
exchange-traded fund (ETF), the Global X GuruTM Activist Index ETF
(Symbol: ACTX), which will begin trading on The Nasdaq Stock Market
today, April 29, 2015.
"Activist investing is an increasingly popular alpha strategy,
but is often limited to investors in hedge funds and other
institutional managers," said Jay Jacobs, Research Analyst at
Global X Funds. "With the launch of ACTX, investors can now
participate in activist campaigns, but without a 2 and 20 fee
structure and with the liquidity and transparency of an ETF."
ACTX seeks to provide investors with access to 50 of the top
equity holdings of major activist investors in the United States.
By investing alongside hedge funds and institutional investors,
ACTX seeks to benefit from their campaigns to unlock shareholder
value, potentially generating excess returns over US equity
benchmarks such as the S&P 500.
"We are pleased to welcome ACTX to Global X's suite of ETPs
listed on The Nasdaq Stock Market," said Jeff McCarthy, Vice
President, Head of ETP Listings at Nasdaq. "Nasdaq endeavors to
penetrate the end-user base in conjunction with our partners at
Global X to achieve the widest adoption of investment tools like
ACTX."
Nasdaq 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 including index
licensing, listings opportunities, data offerings and trading
services. As the home to some of the world's most innovative
ventures, Nasdaq generates opportunities for issuers to access new
markets and deliver new concepts that change the way the industry
develops, manages and applies ETFs.
About Global X Funds:
Global X is a New York-based sponsor of exchange-traded funds
(ETFs), offering access to investment opportunities across global
markets. Founded in 2008, Global X is recognized by individual and
institutional investors for its suite of income, international,
commodity and alternative funds. With over 40 funds available
across U.S. and foreign exchanges, Global X is one of the fastest
growing issuers of ETFs. For more information, please visit
www.globalxfunds.com.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq 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 is home to more than 3,500 listed companies
with a market value of approximately $9.5 trillion and more than
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements
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Securities Litigation Reform Act of 1995. These statements include,
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advice from Nasdaq, either on behalf of a particular financial
product or an overall investment strategy. Nasdaq 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.
NDAQG
CONTACT: Global X Funds Media Contact:
Hod Klein
(212) 704-7385 (direct)
hod@dukaspr.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
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