The Nasdaq OMX Group, Inc announced the introduction of a new series of global indices designed to benchmark the performance of some of the world’s most dynamic sectors.
The global series is initially focusing on four sectors – Global Biotechnology Index, Global Coal Index, Global Steel Index and Global Gold & Precious Metals Index. These new indexes are the continuation of Nasdaq OMX,s commitment of designing and calculating world-class indices.
The Nasdaq OMX global sector index series is the latest series of indices launched by Nasdaq OMX Global Financial Products (GFP).
?These new Nasdaq OMX indexes will help international investors to better manage their exposure to these increasingly important global sectors,? said Nasdaq OMX executive vice president, John Jacobs.
?Their introduction underscores our commitment of providing investors with relevant objective rules-based indices,? he said.
The indices will be calculated in real-time across the combined exchanges and will be disseminated in dollars. The indexes will begin calculating from August 18, 2008 with a value of 250.
The NASDAQ OMX global gold & precious metals index is a modified market-capitalisation weighted index designed to track the performance of the largest and most liquid companies engaged in the gold, silver and other precious metals mining industries.