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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and ETRE Financial, LLC (ETRE) today announced a new partnership in the Real Estate Investment Trust (REIT) benchmark index space, with the launch of 12 co-branded indexes. The new indexes, available now, include:
| Index | Symbol |
| NASDAQ ETRE Composite REIT Index | NQETRE |
| NASDAQ ETRE Composite REIT Total Return Index | NQETRET |
| NASDAQ ETRE Healthcare REIT Index | NQETHC |
| NASDAQ ETRE Healthcare REIT Total Return Index | NQETHCT |
| NASDAQ ETRE Hospitality REIT Index | NQETH |
| NASDAQ ETRE Hospitality REIT Total Return Index | NQETHT |
| NASDAQ ETRE Office REIT Index | NQETO |
| NASDAQ ETRE Office REIT Total Return Index | NQETOT |
| NASDAQ ETRE Residential REIT Index | NQETRR |
| NASDAQ ETRE Residential REIT Total Return Index | NQETRRT |
| NASDAQ ETRE Retail REIT Index | NQETR |
| NASDAQ ETRE Retail REIT Total Return Index | NQETRT |
"NASDAQ OMX continually searches out ways to bring better benchmarks to the investment community," said Dave Gedeon, Managing Director of Index Development at NASDAQ OMX. "ETRE Financial is an innovator in the single asset exchange traded property market and partnering with ETRE will allow NASDAQ and ETRE to create better benchmarks for real estate investors in measuring returns and gaining exposures. We are excited by the opportunity to bring these new benchmarks to market."
The NASDAQ ETRE REIT Index family is designed to provide smart-beta exposure to the U.S. real estate market through the usage of REIT security types. The indexes use ETRE Financial's unique proprietary Enterprise Value methodology to weight components based on the total value of the underlying properties of the real estate investment trust (REIT), rather than simply the traditional market cap equity value of the component.
Jesse Stein, Co-Founder and Chief Operating Officer at ETRE added, "A weighting system that incorporates Enterprise Value as the basis for an index more closely approaches the actual performance of the real estate marketplace, and provides a benchmark for single asset exchange traded property valuation."
The indexes launched on May 1, 2014, with price and total return versions, and are disseminated over NASDAQ OMX's Global Index Data (GIDS) Service. More information can be found here www.nasdaqomx.com/indexes.
