NASDAQ OMX launches new suite of indexes
17 July 2013
By Asia Asset Management
NASDAQ OMX Group announced on July 15 the introduction of the second suite of the NASDAQ Global Index Family – resulting in the launch of more than 21,000 new NASDAQ global indexes.
The NASDAQ Global Index Family represents more than 98% of the global equity investable marketplace and now comprises over 25,000 indexes. The family consists of global securities broken down by market segment, region, country, size and sector. The NASDAQ Global Index Family covers 9,000 securities with a combined float-adjusted market capitalisation of over US$37 trillion.
The newly-unveiled NASDAQ global indexes are calculated in Australian dollars, Canadian dollars, euros, British pounds, Japanese yen and local currencies. The first group of the NASDAQ Global Index Family, launched in December 2012, is calculated in US dollars.
"The expansion of the NASDAQ Global Index Family into various currencies underscores the arrival of our index business — NASDAQ OMX Global Indexes — as a premier global index operation," said NASDAQ OMX executive vice president John Jacobs. "We recognised the need for cost-effective benchmark alternatives in multiple currencies, and now product sponsors, portfolio managers and other market participants can more effectively gauge and manage currency exposure as they track global equities."
The index family covers 45 countries classified as Developed and Emerging Markets across the following regions: the Americas, Europe, Asia-Pacific and Middle East-Africa. Over ten years of historical back-tested data is available for the entire global family. Price return, total return and net total return versions are calculated for each index.
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