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Until now, investors in China have been able to access the U.S. market but only through ordinary Qualified Domestic Institutional Investor funds, most of which follow active strategies, are cumbersome to trade and involve a lengthy redemption process. The Guotai NASDAQ-100 Exchange-Traded Fund significantly enhances the efficiency of investment in U.S. securities for these investors. Additionally, because the product trades on the secondary market like any ETF, prices are transparent and transaction costs are low, making the product appealing to institutional and individual investors alike.
The launch of the Guotai NASDAQ-100 ETF is a significant development for the burgeoning exchange-traded product market in China. According to BlackRock, Inc., an independent, global investment manager, year-to-date inflows into Chinese equity ETPs increased 23.4 percent to $937.4 billion.
"We applaud Guotai Asset Management for responding to increasing demand among all classes of investors in China for a cross-border ETF," said NASDAQ OMX Vice President Robert Hughes. "The Guotai NASDAQ-100 ETF enables individual and institutional investors in China to access 100 of the world's largest and fastest growing companies - including Baidu, Microsoft, Apple and Starbucks."
The NASDAQ-100 Index, which includes 100 of the largest international and domestic non-financial securities listed on NASDAQ, had a cumulative price return of 170.32% during the 10 years ended December 31, 2012.
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The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to over 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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 the Guotai NASDAQ-100 ETF, as well as NASDAQ OMX's other 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 OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX'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®, NASDAQ-100®, and NASDAQ-100 Index® are registered trademarks of The NASDAQ OMX Group, Inc. (which collectively with its affiliates is referred to as "NASDAQ OMX") and are licensed for use by Guotai Asset Management Co., Ltd. ("Guotai"). THE GUOTAI ETF HAS NOT BEEN PASSED ON BY NASDAQ OMX AS TO ITS LEGALITY OR SUITABILITY. THE GUOTAI ETF IS NOT ISSUED, ENDORSED, OR SOLD BY NASDAQ OMX, AND NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE GUOTAI ETF.
The information contained above is provided for informational and educational purposes only, and nothing set forth above should be construed as investment advice, either on behalf of a particular investment product or an overall investment strategy. Past performance is not indicative of future results. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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