John Jacobs, CEO, NASDAQ Financial Products, commented: “There are now over one million investors in QQQ. It is the most actively traded listed equity security in the U.S., where it is widely used by both institutional and individual investors. Now that the Mexican market has opened to ETFs, we are delighted that Bolsa Mexicana has made this most popular investment available to Mexican investors.”
Guillermo Prieto, President of the Bolsa Mexicana de Valores added: “We are really excited about having the QQQ in Mexico. This not only means bringing to our market an extraordinary product, but also marks the beginning of a new era in the relationship between Mexico’s market participants and the NASDAQ Stock Market. “We have seen the phenomenal growth in the global market for QQQ, and now that it may be distributed in Mexico, we are delighted that it is the first foreign ETF traded on our market.
QQQ can be bought and sold by Mexican investors via any broker-dealer who is a member of the Bolsa Mexicana. Assets in the Trust stand at approximately $23 billion and there are around 638.3 million shares outstanding1. In 2004, QQQ has traded an average of 96.8 million shares per day in the U.S.2.
NASDAQ® is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately 51% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.comor the NASDAQ NewsroomSM at www.NASDAQnews.com.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about QQQ, a unit investment trust, obtain a prospectus from your broker or call 888-627-3837. Read carefully before investing.
ALPS Distributors, Inc. is distributor of QQQ.
(1) Source: The Bank of New York., as of March 31, 2004.
(2) Source: FactSet Research Systems, Inc. Characteristic of the QQQ trading in 2003. Average daily trading volume in the U.S. in the 1Q 2004 was 96.8 million shares.