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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced the introduction today of a new series of global indexes designed to benchmark the performance of some of the world's most dynamic sectors. These new indexes are a continuation of NASDAQ OMX's commitment to designing and calculating world-class indexes. The NASDAQ OMX Global Sector Index Series is the latest series of indexes launched by NASDAQ OMX Global Financial Products (GFP).
The Global Sector Series is initially focusing on the following four sectors:
The NASDAQ OMX Global Biotechnology Index(sm) (Nasdaq:QGBI) is a modified market-capitalization weighted index designed to track the performance of the largest and most liquid companies engaged in the biotechnology sector;
The NASDAQ OMX Global Coal Index(sm) (Nasdaq:QCOL) is a modified market-capitalization weighted index designed to track the performance of the largest and most liquid companies engaged in the exploration for, mining of and other related activities for coal;
The NASDAQ OMX Global Steel Index(sm) (Nasdaq:QSTL) is a modified market-capitalization weighted index designed to track the performance of the largest and most liquid companies engaged in the manufacturing and storage of iron and steel products; and
The NASDAQ OMX Global Gold & Precious Metals Index(sm) (Nasdaq:QGLD) is a modified market-capitalization weighted index designed to track the performance of the largest and most liquid companies engaged in the gold, silver and other precious metals mining industries.
"These new NASDAQ OMX indexes will help international investors better manage their exposure to these increasingly important global sectors," said NASDAQ OMX Executive Vice President John Jacobs. "Their introduction underscores our commitment to providing investors with relevant, objective rules-based indexes."
The indexes will be calculated in real-time across the combined exchanges and will be disseminated in dollars. The indexes will begin calculating on August 18, 2008 with a value of 250.00.
