Nasdaq has seen a strong start to the new Year in terms of exchange traded product listings with BlackRock, Van Eck, and Legg Mason among the ETF issuers to the exchange as the primary venue for both transitioned and new listings.
“Our expanding portfolio of ETP listings is highly reflective of our positive outlook for the product category in 2016 and beyond,” says Jeff McCarthy, Vice President and Head of ETP Listings at Nasdaq. “We are excited to build new and grow existing relationships with issuers who – in a growing trend – want diversification and are looking for leadership as part of their core risk-management strategies. Nasdaq is focused on engaging with market participants to advocate and create infrastructure to support an exchange traded product market.”
BlackRock switched 10 of its iShares ETFs to Nasdaq on 2 February, 2016, while Van Eck changed the primary listing venue for two funds to Nasdaq on 1 February 2016.
In addition, Van Eck launched one new ETF on Nasdaq while Legg Mason listed a suite of five new ETFs on the exchange.
In 2015, the Nasdaq Stock Market increased new ETF listings by approximately 43 per cent to reach a total number of 219 listed ETFs, after adding 54 new listings that year. Of these funds, 19 represented transitioned funds from competitive exchanges and 18 represented index switches as well.