The NASDAQ OMX Group, Inc. today announced that China’s first cross-border
\nexchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun
\ntrading on the Shanghai Stock Exchange. The Guotai NASDAQ-100
\nExchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset
\nManagement, was created so that investors in China could easily invest
\nin the largest and most liquid companies traded on The NASDAQ Stock
\nMarket. The listing of this product marks the first exchange-traded
\nfund in China to provide access to the U.S. market.<\/p>\n
Until now, investors in China have been able to access the U.S. market
\nbut only through ordinary Qualified Domestic Institutional Investor
\nfunds, most of which follow active strategies, are cumbersome to trade
\nand involve a lengthy redemption process. The Guotai NASDAQ-100
\nExchange-Traded Fund significantly enhances the efficiency of
\ninvestment in U.S. securities for these investors. Additionally,
\nbecause the product trades on the secondary market like any ETF, prices
\nare transparent and transaction costs are low, making the product
\nappealing to institutional and individual investors alike.<\/p>\n
The launch of the Guotai NASDAQ-100 ETF is a significant development
\nfor the burgeoning exchange-traded product market in China. According
\nto BlackRock, Inc., an independent, global investment manager,
\nyear-to-date inflows into Chinese equity ETPs increased 23.4 percent to
\n$937.4 billion.<\/p>\n
“We applaud Guotai Asset Management for responding to increasing demand
\namong all classes of investors in China for a cross-border ETF,” said
\nNASDAQ OMX Vice President Robert Hughes. “The Guotai NASDAQ-100 ETF
\nenables individual and institutional investors in China to access 100
\nof the world’s largest and fastest growing companies — including
\nBaidu, Microsoft, Apple and Starbucks.”<\/p>\n
The NASDAQ-100 Index, which includes 100 of the largest international
\nand domestic non-financial securities listed on NASDAQ, had a
\ncumulative price return of 170.32% during the 10 years ended December
\n31, 2012.<\/p>\n
About NASDAQ OMX Global Indexes<\/p>\n
NASDAQ OMX Global Indexes has been creating innovative, market-leading,
\ntransparent indexes since 1971. Today, our index offering spans
\ngeographies and asset classes and includes diverse families such as the
\nDividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity
\nIndexes. We continuously offer new opportunities for financial product
\nsponsors across a wide-spectrum of investable products and for asset
\nmanagers to measure risk and performance. NASDAQ OMX Global Indexes
\nalso provides custom index services and design solutions to selected
\nfinancial organizations. For more information about NASDAQ OMX Global
\nIndexes, visit indexes.nasdaqomx.com.<\/p>\n
Daily index values, weightings and historical data for NASDAQ OMX
\nindexes are available via NASDAQ OMX Global Index Watch and the NASDAQ
\nOMX Global Index Data Service.<\/p>\n
About NASDAQ OMX Group<\/p>\n
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc.,
\nfuels economies and provides transformative technologies for the entire
\nlifecycle of a trade – from risk management to trade to surveillance to
\nclearing. In the U.S. and Europe, we own and operate 23 markets, 3
\nclearinghouses and 5 central securities depositories supporting
\nequities, options, fixed income, derivatives, commodities, futures and
\nstructured products. Able to process more than 1 million messages per
\nsecond at sub-40 microsecond speeds with 99.99+% uptime, our technology
\ndrives more than 70 marketplaces in 50 developed and emerging countries
\ninto the future, powering 1 in 10 of the world’s securities
\ntransactions. Our award-winning data products and worldwide indexes are
\nthe benchmarks in the financial industry. Home to over 3,300 listed
\ncompanies worth more than $6 trillion in market cap whose innovations
\nshape our world, we give the ideas of tomorrow access to capital today.
\nWelcome to where the world takes a big leap forward, daily.<\/p>\n","protected":false},"excerpt":{"rendered":"
The NASDAQ OMX Group, Inc. today announced that China’s first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun trading on the Shanghai Stock Exchange. The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,4],"tags":[],"class_list":["post-35510","post","type-post","status-publish","format-standard","hentry","category-press-releases","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=35510"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35510\/revisions"}],"predecessor-version":[{"id":35512,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35510\/revisions\/35512"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}