YASTESTFirst IR-specific solution to provide comprehensive passive
index investment data
NEW YORK, Jan. 16, 2018 (GLOBE
NEWSWIRE) -- Nasdaq Corporate Solutions, a business of
Nasdaq, Inc. (Nasdaq:NDAQ), today announced the launch
of passiveIQ(TM), a new
analytics tool designed to provide investor relations (IR)
professionals with comprehensive and actionable insights into
passive index investment data from mutual funds and ETFs. passiveIQ
is available as a supplementary service to Nasdaq IR
Insight®.
Index ownership has created a shift in today's
capital markets: the value of passive fund assets increased year
over year by 30 percent to $6.6 trillion as of the end of December
2017*. passiveIQ is the first IR-specific solution built to
benchmark passive ownership in a company's shares relative to its
peers and is designed to appeal to all public companies, regardless
of market capitalization or geographic location. passiveIQ's other
features are designed to help IR professionals understand the
latest trends in index ownership and gain insight into the index
funds and ETFs they are, and are not, receiving capital from.
"The IR marketplace today provides a number of
ways to discover details on the active investment community, but
companies are virtually left in the dark about a growing part of
their shareholder reality," said Stacie
Swanstrom, Executive Vice President and Head of Nasdaq Corporate
Solutions. "With one-third of all mutual fund and ETF
assets under management now in passive index funds, the need for an
analytics-based solution with actionable insights on passive index
trends has never been greater. The comprehensive insights available
through Nasdaq's passiveIQ will help the IR community adapt to an
evolving capital markets landscape."
passiveIQ also offers a comprehensive source of
data, backed by the experienced analysts from Nasdaq Advisory
Services' index team, to help companies identify indices for
potential inclusion.
Example trends and insights from passiveIQ
include:
- For each company in the NASDAQ-100 Index®, the
average number of passive indices is 108
indices;
- The average passive index dollar ownership for a
company listed in the Russell 3000 Index is $1.53 billion; and
- For each company in the MSCI ACWI ex USA Index,
the average number of passive indices is 65 indices.
Nasdaq Corporate Solutions plans to further
develop passiveIQ with additional features, including rationales
for index inclusion or exclusion, alerting functionality around
index rebalances and reconstitutions, and near real-time passive
index ownership changes.
To learn more about Nasdaq's Investor Relations
Solutions and subscribe to passiveIQ, please
visit: http://business.nasdaq.com/passiveIQ.
About
Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading global
provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to approximately 3,900 total
listings with a market value of approximately $12 trillion. To
learn more, visit: http://business.nasdaq.com.
This communication and the
content found by following any link herein are being provided to
you by Nasdaq Corporate Solutions, a business of Nasdaq, Inc.
("Nasdaq"), for informational purposes only. Nasdaq makes no
representation or warranty with respect to this communication or
such content and expressly disclaims any implied warranty under
law. Nasdaq, the Nasdaq logo, Nasdaq Corporate Solutions, Nasdaq IR
Insight and passiveIQ are registered and unregistered trademarks,
or service marks, of Nasdaq, Inc. or its subsidiaries in the U.S.
and other countries. © Nasdaq, Inc. 2018. All rights
reserved.
*: Data from Nasdaq Corporate Solutions and Thomson Reuters
Lipper
Nasdaq Media
Contact:
Will Briganti
(212) 231-5012
william.briganti@nasdaq.com
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