The Nasdaq-100 Index includes the top 100 companies (ranked by market value) traded on the National Market tier of The Nasdaq Stock Market®*. The ETF for this index is one of the largest in the world, boasting an aggregate market value of approximately $22 billion and daily trading volumes of around 65 million shares. It trades on the American Stock Exchange, where it has been listed since March 1999.*2 This ETF is very popular with both institutional and individual investors because it makes it possible to invest in the collective performance of companies with high market-value growth potential that are listed on The Nasdaq Stock Market, and it enables such investments to be made in small amounts.
According to Nasdaq Japan, Inc., President Yoshiro Katsuya, "Today's designation of the Nasdaq-100 Index as being eligible for an ETF represents a major step forward in our preparations for the first ETF listing on the Nasdaq Japan Market, and it means that we will be able to introduce Japan's investors to an ETF that, under the name 'QQQ', is a favorite among investors abroad. The scope of the Nasdaq Japan Market is expanding to provide opportunities to invest not only in Japan's growth companies but in those of the rest of the world as well. We are committed to continuing our efforts to expand the role of Nasdaq in Japan.
* The companies eligible for inclusion in the index are non-financial companies that meet certain criteria and that are traded on the National Market tier of The Nasdaq Stock Market.
** Official name: Nasdaq-100 Index Tracking Stock; data is as of 28 March 2002. For more information see www.nasdaq-100.com
Nasdaq Japan, Inc., which provides marketing and system development for the Nasdaq Japan Market, is a private, for-profit organization owned by The Nasdaq Stock Market, Softbank Corp., and thirteen leading securities firms. The Nasdaq Japan Market is an independent section of the Osaka Securities Exchange and celebrated its first day of trading on 19 June 2000. With 20 months elapsed since its inception, the market now has 91 companies listed. For more information, please visit www.nasdaq-japan.com.
