Advisors Asset Management, Inc. and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the introduction of the NASDAQ Q-50 Index(SM) Portfolio, a unit investment trust (UIT) that seeks to provide above average total return by investing in stocks included in the NASDAQ Q-50 Index(SM) (Nasdaq:NXTQ). The NASDAQ Q-50 Index Portfolio will be available through licensed financial professionals.
"The NASDAQ Q-50 Index Portfolio is a convenient and cost effective way to invest in some of the world's fastest growing mid-cap companies in a diverse range of industries," said Richard A. Stewart, CFA, Senior Vice President of Advisors Asset Management. "We are pleased to add the NASDAQ Q-50 Index Portfolio to our broad array of solutions that are designed to meet a wide range of investment objectives."
"We are pleased to partner with Advisors Asset Management on the introduction of the NASDAQ Q-50 Index Portfolio," said NASDAQ OMX Executive Vice President John Jacobs. "As a result of our collaboration, investors have a new opportunity to further diversify their portfolios by investing in some of the world's most innovative mid-cap growth companies."
The NASDAQ Q-50 Index is a market-capitalization weighted index designed to track the performance of securities that are next-eligible for inclusion in the world-renowned NASDAQ-100 Index(R), a globally recognized benchmark that is the basis of more than 1,200 investment products in 35 countries. The NASDAQ Q-50 Index is comprised of 50 non-financial securities ranked by market capitalization. They reflect companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology. For more information about the NASDAQ Q-50 Index, visit https://indexes.nasdaqomx.com/data.aspx?IndexSymbol=NXTQ&menuIndex=0.