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Nasdaq creates Q-50 Index for non-financial securities

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The Nasdaq Stock Market has announced the launch of the Nasdaq Q-50 Index, which tracks the securities next in line for inclusion in the Nasdaq 100 Index.

The Nasdaq Stock Market has announced the launch of the Nasdaq Q-50 Index, which tracks the securities next in line for inclusion in the Nasdaq 100 Index. The Q-50 index started calculation with a base value of 150.00.

The index comprises 50 non-financial securities ranked by market capitalisation, representing companies in major industry groups such as computer hardware and software, telecommunications, retail and wholesale trade and biotechnology.

‘The Nasdaq Q-50 Index is a new benchmark for some of the world’s up-and-coming growth companies,’ says Nasdaq senior vice-president Steven Bloom. ‘The index arms investors with a portfolio of some of Nasdaq’s fastest growing companies in a diverse range of industries. The launch of the Nasdaq Q-50 Index represents a significant extension of its success in bringing attention to its largest and most liquid innovative growth companies.’

Securities in the Nasdaq Q-50 Index are those next eligible for inclusion in the Nasdaq 100, a globally recognised benchmark that is the basis of more than 500 investment products in 36 countries. The new index is a price return index, which is ordinarily calculated without regard to cash dividends on index securities.

Nasdaq Financial Products is engaged in the design, development, calculation, licensing and marketing of Nasdaq indices, and specialises in the development of indices focusing on Nasdaq’s brand themes of innovation, technology, growth, and globalisation. It also provides custom index services and design solutions as a third-party provider to financial institutions.

Nasdaq lists approximately 3,100 companies, more than any other US market, and trades more shares per day than rival US exchanges. Its listed companies are best known in the technology industry but also cover sectors such as retail, communications, financial services, transportation, media and biotechnology.

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