HONG KONG, Nov. 13, 2014 /PRNewswire/ -- Nasdaq (Nasdaq: NDAQ) announced that two of its indexes are the basis for ETFs listed today by BMO on the Hong Kong Stock Exchange. The BMO Hong Kong Banks ETF (Stock Code: 3143) tracks the Nasdaq Hong Kong Banks Index, and the BMO Asia High Dividend ETF (Stock Code: 3145) tracks the Nasdaq Asia ex-Japan Dividend Achievers Index.
Rob Hughes, Head of Index and Advisor Solutions at Nasdaq, said, "This milestone for our index business in Hong Kong is due to our close collaboration with BMO, the Hong Kong stock exchange and other local participants, who understand investor demand and the local environment. These partnerships allow us to offer consumers new opportunities for their investment portfolios."
In 2013, the Guotai NASDAQ-100 Exchange Traded Fund, the first-ever ETF in China based on a U.S. Index, listed in Shanghai, along with similar ETFs in Korea, India and Japan - all tracking the NASDAQ-100, one of the most liquid, most followed indexes in the world. Over the past year, additional ETFs - based on Nasdaq Indexes - have launched in Asia, including The Mirae Asset Tiger Nasdaq BIO ETF (KRX: Ticker 203780), based on the Nasdaq Biotechnology Index, which launched earlier this year on the Korean Exchange.
"We have been honored to work with fantastic firms all around Asia to bring innovative indices to market, and we expect to identify more investment opportunities in Asia based on the Nasdaq Index Families. We think evolving our established brands such as Dividend and Buyback Achievers, Biotech, Semiconductor and others, to fit local markets will continue to provide opportunities for Asia-based investors," said Mr. Hughes.
This launch is the latest example of continued innovation for Nasdaq Dividend Achievers index family and first to market thinking with the Hong Kong Bank Index.
Nasdaq's Global Index Group offers comprehensive index services, including design, calculation, administration, licensing, research, global visibility, data distribution and exchange-traded product (ETP) listing. Currently, there are more than 150 ETPs with $100 Billion in AUM tracking some of Nasdaq's over 41,000 Indexes.
About Nasdaq
Nasdaq (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 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 3,400 listed companies with a market value of over $8.5 trillion.
Contacts
Citigate Dewe Rogerson
Anna Bartram anna.bartram@citigate.com.hk Tel. +852-3103-0109 / +852-9262-4267
