.jpg)
The NASDAQ Stock Market(R) (Nasdaq:NDAQ) began trading today two new exchange-traded funds (ETFs) designed to provide leveraged and inverse exposure to the NASDAQ-100 Index(R) (Nasdaq:NDX). The ETFs are sponsored by ProFunds Group, the world's largest manager of leveraged and inverse funds.*
ProShares UltraPro QQQ (Nasdaq:TQQQ) aims to provide investment results that correspond to 300% of the daily performance of the NASDAQ-100 Index (before fees and expenses), while ProShares UltraPro Short QQQ (Nasdaq:SQQQ) seeks to produce 300% of the inverse daily performance of the NASDAQ-100 Index (before fees and expenses).
These funds seek a 300% or -300% return of their indices for a single day before fees and expenses. Due to the compounding of daily returns, returns over periods other than one day will likely differ in amount and possibly direction from the target returns for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. The funds' prospectuses describing correlation, leverage and other risks are available at www.proshares.com.
The NASDAQ-100 Index is one of the most widely watched indexes in the world and is the basis of more than 1,500 investment products in 37 countries. The Index includes 100 of the largest domestic and international nonfinancial securities listed on NASDAQ based on market capitalization. The index reflects companies across major industry groups including computer, biotechnology, health care, telecommunications and transportation. It does not contain securities of financial companies including investment companies.
NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world. As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has approximately 1,400 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
Access to essential historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
