The Nasdaq OMX Group, (Nasdaq:NDAQ) and Claremont Investment Partners will introduce a Large Cap Index.
The index will be based on the patented quantitative and proprietarily weighted methodology created by Claremont's founding partner, Gerald P. Sullivan. The Industry Leaders(r) Portfolio Strategy
(ILPS) is a patented investment process that creates a portfolio of between 65 and 85 large cap Blue Chip (Leading) companies -- in 45 to 60 industries -- with superior credit quality. In other words, the companies are leaders in their field identified by their substantial capitalization, established history of earnings and dividends, ample liquidity and easy access to credit. The strategy is currently employed in a Morningstar 4 star rated mutual fund, The Industry Leaders Fund (ILFIX, ILFLX). The index, The NASDAQ OMX Industry Leaders Index (NILI), will enable investors to track the performance of these companies that are taking a leadership role in their industry and the market.
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