NEW YORK, June 11, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the annual evaluation of the NASDAQ OMX Global Automobile IndexSM (Nasdaq:QAUTO), which will become effective prior to market open on Monday, June 18, 2012.
The following security will be added to the Index: Byd Co Ltd. (1211 HK).
The Index is designed to track the performance of the largest and most liquid companies engaged in manufacturing of automobiles. The NASDAQ OMX Global Automobile Index is evaluated annually in June. For more information about the NASDAQ OMX Global Automobile Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ OMX Global Automotive Index is the basis for the First Trust NASDAQ Global Auto Index Fund (Nasdaq:CARZ), which seeks investment results that correspond generally to the price and yield of the NASDAQ Automotive Index before fees and expenses.
As a result of the evaluation, the following two securities will be removed from the Index: Yulon Nissan Motor Co Ltd. (2227 TT) and Volkswagen AG (VOW GY).
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Indexes specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Indexes 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 Group
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: NASDAQ Media Contact:
NASDAQ Issuer and Investor Contact:
Learn How ›
Wednesday, September 21, 2011
Marriott Marquis, New York
Get quotes, news and more market data ›
Discover how the financial industry is sparking economic growth and job creation in communities like yours.
Dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds.
Meet with your colleagues in Professional Societies to share best practices, attend educational seminars and engage in peer-to-peer networking.