The Nasdaq OMX Group, Inc. (Nasdaq:NDAQ) has introduced fourteen new indexes in the Nasdaq Newfound Index Family.
The NASDAQ Newfound Index Family features rules-based, quantitatively enabled investment strategies created by Newfound Research LLC and tracks specific investment strategies through the use of exchange-traded funds (ETFs). The indexes are designed to utilize ETFs to allow for specific outcomes to be achieved as an overlay on a broad market experience.
These initial indexes represent a unique investment strategy including defensive equities, target yields, risk managed income, and a dynamic market neutral strategy.
NASDAQ OMX and Newfound expect the new indexes will be available for licensing and implementation through separately managed accounts and, in some cases, ETFs.
"The NASDAQ Newfound Indexes give investment and asset managers unique outcome-oriented investment strategies for their clients' portfolios," said Dave Gedeon, Managing Director of NASDAQ OMX Global Indexes. "The intellectual property captured within Newfound Research is powerful and distinct compared to other broad market strategy indexes. Our target excess yield indexes, for example, are unique and we look forward to comparing them to traditional fixed income products over time."
"Newfound has been recognized as a premier provider of ETF Managed Portfolios to its distribution partners," said Corey Hoffstein, Chief Investment Officer of Newfound. "NASDAQ OMX is recognized throughout the world as an innovative, market-leading index provider with an extensive network of partnerships. By combining our strengths, asset managers around the world will gain access to these custom investment strategies."
The initial group of NASDAQ Newfound Indexes, listed below, is the result of a collaboration between NASDAQ OMX and Newfound Research LLC (www.thinknewfound.com).
Index Symbol Index Name
NQNFGEQ NASDAQ Newfound Global Defensive Equity Index
NQNFGEQT NASDAQ Newfound Global Defensive Equity Total Return Index
NQNF1YL NASDAQ Newfound 1% Target Excess Yield Index
NQNF1YLT NASDAQ Newfound 1% Target Excess Yield Total Return Index
NQNF2YL NASDAQ Newfound 2% Target Excess Yield Index
NQNF2YLT NASDAQ Newfound 2% Target Excess Yield Total Return Index
NQNF3YL NASDAQ Newfound 3% Target Excess Yield Index
NQNF3YLT NASDAQ Newfound 3% Target Excess Yield Total Return Index
NQNF4YL NASDAQ Newfound 4% Target Excess Yield Index
NQNF4YLT NASDAQ Newfound 4% Target Excess Yield Total Return Index
NQNFINC NASDAQ Newfound Risk Managed Income Index
NQNFINCT NASDAQ Newfound Risk Managed Income Total Return Index
NQNFLS NASDAQ Newfound US Dynamic Long/Short Index
NQNFLST NASDAQ Newfound US Dynamic Long/Short Total Return Index
For licensing inquiries about NASDAQ Newfound Indexes as model portfolios for separately managed accounts or for registered products to be offered by ETF providers or mutual fund advisors, please call +301.978.8050.