First Trust Nasdaq CEA Cybersecurity ETF Launches on The Nasdaq Stock Market
07 July 2015 - 11:00PM
New ETF Tracks the Nasdaq CEA Cybersecurity Index(SM)
NEW YORK, July 7, 2015 (GLOBE NEWSWIRE) -- Nasdaq
(Nasdaq:NDAQ) announced today that First Trust will list one new
exchange-traded fund (ETF), the First Trust Nasdaq CEA
Cybersecurity ETF (Symbol: CIBR), today, July 7, 2015 on The Nasdaq
Stock Market®. The ETF,
which is based off of the Nasdaq CEA Cybersecurity IndexSM, is designed
to track the performance of companies engaged in the cybersecurity
segment of the technology and industrials sectors. It includes
companies primarily involved in the building, implementation, and
management of security protocols applied to private and public
networks, computers, and mobile devices in order to provide
protection of the integrity of data and network operations.
"Along with the clear benefits of an increasingly
interconnected world comes the growing need to ensure the security
of cyberspace. This presents significant opportunities for
companies involved with this task, many of which are not
represented in traditional index ETFs," said Ryan Issakainen, CFA,
Senior Vice President and ETF Strategist at First Trust. "We
believe this ETF provides a diversified, efficient way for
investors to gain exposure to this important theme."
CIBR seeks investment results that correspond
generally to the price and yield (before the fund's fees and
expenses) of the Nasdaq CEA Cybersecurity IndexSM
(NQCYBR). The Fund will normally invest at least 90% of its net
assets (including investment borrowings) in common stocks or in
depositary receipts that comprise the Index. The Fund, using an
indexing investment approach, attempts to replicate, before fees
and expenses, the performance of the Index.
"We are delighted to support another listing and
product launch from First Trust," said Jeff McCarthy, Vice
President and Head of ETP Listings at Nasdaq. "We value our
partnership with First Trust and their continued confidence in
Nasdaq as a primary listing and trading facility for ETFs. Nasdaq
continues to work across our organization to offer solutions to
exchange-traded products across listing, trading, index and
data."
Nasdaq operates an efficient platform for
successfully introducing a product suite into one of the single
largest pools of liquidity, including market participants that
represent a full spectrum of investors. ETF issuers benefit from an
end-to-end solution that provides ongoing product support including
index licensing, listings opportunities, data offerings and trading
services. As the home to some of the world's most innovative
ventures, Nasdaq generates opportunities for issuers to access new
markets and deliver new concepts that change the way the industry
develops, manages and applies ETFs.
About First
Trust:
First Trust Advisors L.P., along with its
affiliate First Trust Portfolios L.P., are privately held companies
which provide a variety of investment services, including asset
management and financial advisory services, with collective assets
under management or supervision of approximately $119 billion as of
May 31, 2015 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts. First
Trust is based in Wheaton, Illinois. For more information, visit
http://www.ftportfolios.com.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, clearing, exchange technology, listing, information and
public company services across six continents. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,500 listed companies
with a market value of approximately $9.5 trillion and more than
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition
or business.nasdaq.com.
Cautionary Note Regarding
Forward-Looking Statements
The matters described herein
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 Nasdaq and its 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's control. These factors include, but are not
limited to factors detailed in Nasdaq's annual report on Form 10-K,
and periodic reports filed with the U.S. Securities and Exchange
Commission. We undertake no obligation to release any revisions to
any forward-looking statements.
Nasdaq® is a
registered trademark of The NASDAQ OMX Group, Inc. (which with its
affiliates and subsidiaries is collectively referred to as Nasdaq)
and is licensed for use with the First Trust Nasdaq CEA
Cybersecurity ETF by First Trust Advisors L.P. The ETF has not been
passed on by Nasdaq as to its legality or suitability, and the ETF
is not issued, endorsed or sold by Nasdaq. Nasdaq makes no
warranties and bears no liability with respect to the ETF.
Nothing contained herein should be construed as
investment advice from Nasdaq, either on behalf of a particular
financial product or an overall investment strategy. Nasdaq makes
no recommendation to buy or sell any financial product or any
representation about the financial condition of any company or
fund. Investors should undertake their own due diligence and
carefully evaluate financial products before investing. ADVICE FROM
A SECURITIES PROFESSIONAL IS STRONGLY ADVISED
NDAQG
CONTACT: First Trust Media Contact:
Ryan Issakainen
+1 (630) 765-8689
Rissakainen@ftadvisors.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire
HUG#1934778
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2024 to May 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From May 2023 to May 2024