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NASDAQ OMX to Introduce the NASDAQ OMX Ireland Index PowerShares to Launch An Exchange Traded Fund Based On the New Index Jul 24, 2008 1:45:00 PM 2008 PrimeNewswire, Inc.
NEW YORK, July 24, 2008 (PRIME NEWSWIRE) -- The launch of the index was announced by NASDAQ OMX CEO Bob Greifeld at the second annual Business & Finance US-Ireland Business awards luncheon in New York. Greifeld commented, "The NASDAQ OMX Ireland Index will provide investors with a benchmark to track companies in a country that has experienced consistently high levels of economic growth."
"We are excited to extend our partnership with the The NASDAQ OMX Ireland Index will be calculated in real-time across the combined exchanges and will be disseminated in dollars. The Index will begin calculating on July 28, 2008 with a value of 250.00. The NASDAQ OMX Ireland Index will be comprised of 23 components with an approximate market capitalization of $97 billion. The NASDAQ OMX Ireland Index will also include companies that are listed on the NASDAQ Stock Market including About NASDAQ OMX Global Financial Products NASDAQ OMX Global Financial Products (NOGFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX indexes. NOGFP specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NOGFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes. About NASDAQ OMX Cautionary Note Regarding Forward-Looking Statements The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the NASDAQ OMX Ireland Index and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the NASDAQ OMX Ireland Index ("Index") is the exclusive property of NASDAQ(r), OMX(r), and the NASDAQ OMX Ireland Index(sm) are trade/servicemarks of Invesco PowerShares is leading the intelligent ETF revolution through its family of more than 100 domestic and international index-based and actively managed exchange-traded funds. With assets under management as of April 30, 2008 of approximately $13.86 billion, PowerShares ETFs trade on all of the major U.S. stock exchanges that trade ETFs. For more information, please visit us at www.invescopowershares.com. There are risks involved with investing in ETFs, including possible loss of money. The Funds are not actively managed and are subject to risk similar to stocks. Shares are not FDIC insured. PowerShares(r) is a registered trademark of Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 100,000 shares. NDAQG CONTACT: |
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