The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that the NASDAQ-100 Index(R) is the benchmark for the first foreign index-linked financial product in China. The Guotai NASDAQ-100 Fund was recently opened for subscription by Guotai Asset Management Co., Ltd., one of the original asset managers in China, and is now available to investors in China.
"Amid growing demand for overseas products, investors in China now have exposure to 100 of the world's largest and most dynamic non-financial companies including Baidu, Apple, Microsoft and Google," said John Jacobs, Executive Vice President, NASDAQ OMX. "The Guotai NASDAQ-100 Fund is based on an index that statistically shows favorable return, volatility, and correlation characteristics that may contribute beneficially to Chinese equity dominated portfolios."
Guotai has an exclusive licensing agreement with NASDAQ OMX to use the NASDAQ-100 Index in the development of financial products in China.
"We view the NASDAQ-100 Index as a cornerstone to our international business strategy of bringing innovative investment opportunities to local investors," said Ms Xu Jin, General Manager, Guotai AMC.
The NASDAQ-100 Index is one of the most widely watched indexes in the world and the basis of nearly 1700 investment products in more than 37 countries, including the PowerShares QQQ Trust (Nasdaq:QQQQ), one of the world's most actively traded exchange-traded funds. The Index includes 100 of the largest domestic and international non-financial securities listed on NASDAQ based on market capitalization. The index reflects companies across major industry groups including computer, biotechnology, health care, telecommunications and transportation. To access a list of NASDAQ-100 companies, visit https://indexes.nasdaqomx.com/weighting.aspx?IndexSymbol=NDX&menuIndex=
To view a presentation about the NASDAQ-100 Index, visit http://www.brainshark.com/nasdaqomx/vu?pi=281648643
A photo accompanying this announcement is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7255
