Bringing you live news and features since 2006 

Nasdaq-100 recognised as benchmark for innovation

RELATED TOPICS​

Nasdaq-100 Index (NDX), which celebrated its 30th anniversary on 31 January, 2015, has emerged as the de facto benchmark for broad-based innovation, representing the "new global economy," according to a recent Nasdaq study titled The Nasdaq-100 Turns 30: Tracking Innovation in Large Cap Growth.

"The Nasdaq-100 was launched at a time when the investment community was looking to showcase the top stocks listed on the Nasdaq Stock Market. With its 100 highly-liquid components, it is no surprise that derivative products linked to the Nasdaq-100 have been so well-received, as investors look to diversify their portfolios," says Salil Donde, Executive Vice President and head of Nasdaq's Global Information Services business. "We expect to see more products launched that are tied to the Nasdaq-100, especially as the ETF industry continues its rapid expansion and potentially rivals the asset base of mutual funds."

As one of the world's most widely-followed stock indexes, the Nasdaq-100 represents the top 100 non-financial companies listed on The Nasdaq Stock Market, and serves as the benchmark for companies that drive the global economy. The fastest growing industries in the world are led by the companies in the Nasdaq-100, and approximately USD50 billion in exchange-traded products are tied to the Nasdaq-100, including the most well-known product, the PowerShares QQQ Trust (symbol QQQ) or, simply, "the Qs."

From the launch of the Nasdaq-100 in 1985 through 2014, a total of 448 stocks were members of the Nasdaq-100. Of the original members at launch, seven are still in the current index. These include: Apple, Costco (originally Price Club), Intel, KLA-Tencor, Micron Technology, PACCAR, and Seagate Technology.

In 1985, Intel was the largest component in the Nasdaq-100, with a market cap of USD3.5 billion. The second and third largest components in 1985, MCI and Apple, had market caps of USD2.3 billion and USD1.8 billion, respectively. In total, the market cap of the Nasdaq-100 was USD58 billion in 1985, and has since grown to 80 times that size, to its current value of approximately USD4.99 trillion and includes three of the top five largest companies in the world by market capitalisation.

Over the past 30 years the Nasdaq-100 has evolved to include some of the most innovative companies on the planet, such as these bellwethers of technology: Apple, Microsoft, Intel, Cisco, and Google. The Index has diversified since its inception, and now includes top companies in healthcare, media, retail and industrials, such as Gilead Sciences, DirectTV, Amazon, Keurig, Marriott, Netflix, Starbucks, Tesla, and Whole Foods, among many others.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by