The Nasdaq stock market has launched an exchange traded fund (ETF) designed to track the Nasdaq 100 ...
The Nasdaq stock market has launched an exchange traded fund (ETF) designed to track the Nasdaq 100 index, for sale in the UK, Belgium and Ireland.
This is the first time a tracker for the technology index has been available outside the US.
The Nasdaq 100 European Tracker, a fund traded as a share, will be traded on Nasdaq Europe and registered with the Central Bank of Ireland. The ETF has been structured for the European market and is denominated in euros. Its expenses will be limited to 0.2% per year.
The Nasdaq 100 is comprised of the 100 largest non-financial service companies listed on the Nasdaq, giving investors exposure to a wide variety of sectors including computer hardware, software, media, retail, life science and biotechnology. The index includes stocks such as Microsoft, Dell, Cisco, Oracle, Intel and Amazon.com.
According to Morgan Stanley research, ETF listings in Europe have grown from around $430m in April 2000 to more than $9bn.
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body