Stock Markets Review

First Domestic NASDAQ-100 Index ETF Available in Japan

Date: 28 July 2010
Source: The NASDAQ OMX Group, Inc. First Domestic NASDAQ-100 Index ETF Available in JapanNEXT FUNDS NASDAQ-100(R) EXCHANGE TRADED FUND Will be Listed on the Osaka Securities Exchange ETF Market

NEW YORK and OSAKA, Japan, July 27, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Osaka Securities Exchange Co., Ltd. (OSE), the premier Japanese derivatives and securities exchange, today announced that the first domestic exchange-traded fund (ETF) based on the NASDAQ-100 Index® will soon be available to Japanese investors. The OSE has approved the listing of the NEXT FUNDS NASDAQ-100® EXCHANGE TRADED FUND (OSE:1545) on OSE's exchange-traded fund market. Nomura Asset Management Co., Ltd., one of Japan's largest asset management companies and a wholly-owned subsidiary of Nomura Holdings, Inc., is the sponsor of the ETF.

The NEXT FUNDS NASDAQ-100 EXCHANGE TRADED FUND gives investors in Japan, which has the world's second largest economy, the ability to invest in 100 of the largest and most innovative global non-financial securities listed on NASDAQ – including Apple, Intel, Google and Microsoft.

"We are honored to have the NEXT FUNDS NASDAQ-100 EXCHANGE TRADED FUND, linked to one of the world's largest growth indexes, to be listed on OSE's market," said Michio Yoneda, President and CEO of OSE.

"The introduction of the NEXT FUNDS NASDAQ-100 EXCHANGE TRADED FUND gives retail and institutional investors in Japan access for the first time to a domestic product that tracks 100 of the world's most dynamic large-capitalization growth companies," said NASDAQ OMX Executive Vice President John Jacobs. "We look forward to continuing to work with the OSE and Nomura Asset Management as we explore other opportunities to serve investors in Japan."

NASDAQ OMX and OSE signed a memorandum of understanding (MOU) to form a strategic partnership in February 2009. The partnership facilitates cooperation and potential growth opportunities among both exchanges in various areas. As a result of this partnership, both exchanges introduced the NEXT FUNDS NASDAQ-100® EXCHANGE TRADED FUND in Japan.

The listing ceremony will be held at JASDAQ Plaza in Tokyo on the day of the listing, August 16th.

About the Osaka Securities Exchange

Osaka Securities Exchange Co., Ltd. (OSE) is the Japan's largest derivatives exchange. In 2008 total trading volume of all derivative products hit the record high of 163,689,348 units, up about 50.3 % compared to the previous year. This year, the year 2009, is the 20th anniversary of the introduction of Nikkei 225 options, the flagship product of OSE.

OSE is the only listed exchange in Japan whose shares have been traded on its own market, "Hercules," since April 2004. For more information about OSE, please visit www.ose.or.jp/e/.

About the NASDAQ OMX Group

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.

NASDAQ®, NASDAQ-100®, and NASDAQ-100 Index® are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is collectively referred to as "NASDAQ OMX") and have been licensed for use by Nomura Asset Management Co., Ltd., ("Nomura") for the development of the NEXT FUNDS NASDAQ-100 ETF. The NEXT FUNDS NASDAQ-100 ETF has not been passed on by NASDAQ OMX as to its legality or suitability, and the NEXT FUNDS NASDAQ-100 ETF is not issued, endorsed or sold by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE NEXT FUNDS NASDAQ-100 ETF.

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 OMX's 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. There can be no assurance that the FSA will give the NASDAQ OMX applicant the authorization and permissions which it seeks.

NDAQG

CONTACT: Osaka Securities Exchange Co., Ltd. Media Contact: Public Relations, Corporate Planning and Communication +81-(0)6-4706-0800 webmaster@ose.or.jp The NASDAQ OMX Group, Inc. Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.Com


New!
Stock Market Forums (US, Europe, Asia)
Free Membership



Latest USA Stock Market Reports
US stock market daily report (September 01, 2010, Wednesday)
Stocks rallied in the first trading session in September, with the Dow being up triple digits. Thanks to a better than expected report on manufacturing, all three major indexes were on the rise. Typically in September, stocks post losses for the month. Investors say that maybe this year's September was in August. Stocks took a big hit in August; all three major indexes reported pretty significant losses. Coming in first was the Nasdaq; the index lost 6.2% in August, the Standard & Poor's 500 index is down 4.7% and the Dow Jones Industrial Average lost 4.3%. Recently when economic reports are released and they are better than expected stocks rise. Investors are looking for any positive news on the economy. They have feared throughout the summer that the economic recovery is headed towards a stand still. Analysts believe that the market will more than likely continue to fall overall. Despite the weary report from ADP stocks continued to rise. ADP is a payroll processing firm whose report is used as a way to tell what kind of report we will get from the Labor Department in their weekly report on the job market. ADP reported that employers cut 10,000 jobs in August, down from the 37,000 jobs added in July.

US stock market daily report ( August 31, 2010, Tuesday)
It was reported today that the amount of U.S. Banks in trouble is at a high that hasn't been seen since 1993. In a government report, the number of banks that have a possibility of filing doubled since last year. In the Federal Deposit Insurance Corp's quarterly survey, it showed an increase by 53 banks, taking the overall number to 829 banks being watched to fail. Just because the FDIC is watching these banks doesn't necessarily mean the financial institution will fail, it is just struggling. Few banks on the list actually get to that point; only 13% of banks on the list close. Last year the FDIC list reached 416, but in the first quarter of 2010 it rose to 775. In the report, it showed that 118 financial institutions have closed this year, and 45 of them were closed just in the second quarter.

US stock market daily report (August 30, 2010, Monday)
Today's stock market news wasn't the news investors were looking for to continue the rallies of Friday. Investors remained cautious in the first trading day of the week; stocks were headed lower after a positive report on consumer spending. This morning the Commerce Department reported that consumer spending rose 0.4% in July, up from the 0.1% it rose in June. Analysts' were looking for spending to rise by 0.2%, so were pleasantly surprised. Personal incomes rose in July; there was a rise by 0.2%, unchanged from the previous month. Analysts' were expecting to see spending rise by 0.3%. Analysts' say without a steady rise in personal income that the rise in consumer spending will only be temporarily


USA Stocks Recommendations
Intel Corp. (Nasdaq:INTC) is poised to top estimates over the next two quarters, 8 September 2009
Intel Corp. (Nasdaq: INTC) is a cyclical company.  That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates.  So it’s no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the company has rallied more than 50% from its Feb. 23 low of $12.08 a share. It closed Friday at $19.64.

Verint Systems price target reduced, 7 December 2007
RBC Capital Markets reduced its price target on Verint Systems from $34 to $25.

Thomas Weisel upgraded Intel to "overweight", 6 December 2007
Thomas Weisel Partners analyst Kevin Cassidy lifted price target on Intel shares from $28 to $33 per share, citing an expected jump in computer demand during 2008.

USA News
Factories Are Humming Along, Albeit Not at a Robust Pace, 2 September 2010

Tax Rates, Business Investment, Personal Saving Rates: We Report, You Decide, 1 September 2010

Nitty Gritty Details of the Labor Market Make Headlines, 31 August 2010

Bernanke Presents Fed’s Options and Indicates Deflation Not a Significant Risk, 30 August 2010

Bernanke’s Speech on August 27 – What to Look For, 27 August 2010



Stock Market News: All News | USA News | Indian News | China News
Stock Market Reports: All Stock Reports | USA Stock Market Reports | Indian Stock Market Reports | China Stock Market Reports | Russian Stock Market Reports
Stocks Price Targets: All Stocks | USA Stocks | UK Stocks | Indian Stocks | China Stocks | Russian Stocks
Companies List: All Companies | Dow Jones 30 Companies | S&P 500 Companies | FTSE 100 Companies | DAX 30 Companies | CAC 40 Companies
Archives: Market Reports | News, Analysis & Researches | Price Targets & Recommendations | Commodities | Forex | Global Outlook

About Us | Privacy Policy | Contacts | Links | Contributors