Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF
27 Maggio 2015 - 3:00PM
Nasdaq announced that Elkhorn Investments will list a new
exchange-traded fund (ETF), The Elkhorn S&P 500 Capital
Expenditures ETF (Symbol:CAPX), which will begin trading on The
Nasdaq Stock Market today, May 27, 2015.
"We are excited to bring the first capital expenditures (capex)
ETF to market," says Ben Fulton, former Managing Director of Global
ETFs at Invesco PowerShares and current CEO of Elkhorn Investments.
"Capex is the reinvestment of resources back into a business and a
key driver of future growth, yet an overlooked area of today's
market. We believe investors are looking for factors like capex
efficiency, which identify companies that best use today's
resources for tomorrow's growth."
CAPX tracks the performance of the S&P 500 Capex Efficiency
Index (Index) which is designed to provide exposure to the 100
constituents of the S&P 500 which have exhibited the strongest
capital discipline, in the form of efficient capital expenditures,
over the near term. The Index focuses on capex efficiency, not just
capex spending levels, providing exposure to stocks that have
maximized sales per unit of capital expenditures. Firms with high
capex efficiency have historically outperformed the broader
market.
"We are thrilled that Elkhorn chose The Nasdaq Stock Market to
list the first capital expenditures ETF," said Jeff McCarthy, Vice
President, Head of ETP Listings at Nasdaq. "Nasdaq prides itself on
innovation and leadership in the ETF space and is focused on
providing a full level of support for both new and existing
issuers."
Nasdaq operates an efficient platform for successfully
introducing a product suite into one of the single largest pools of
liquidity, including market participants which represent a full
spectrum of investors. ETF issuers benefit from an end-to-end
solution that provides ongoing product support including index
licensing, listings opportunities, data offerings and trading
services. As the home to some of the world's most innovative
ventures, Nasdaq generates opportunities for issuers to access new
markets and deliver new concepts that change the way the industry
develops, manages and applies ETFs.
About Elkhorn Investments:
Elkhorn is a leading independent investment solutions firm
pioneering innovative research-based financial products. By
rethinking the relationship between investment strategy and product
structure, Elkhorn aims to design, sponsor and distribute
investable access to distinguished research in a wide array of
investment structures including ETFs, separately managed accounts
(SMAs), structured products and unit investment trusts (UITs).
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,500 listed companies with a market
value of approximately $9.5 trillion and more than 10,000 corporate
clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
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NDAQG
CONTACT: Elkhorn Investments Media Contact:
Bill Conboy
BC Capital Partners
303-415-2290
Bill@bccapitalpartners.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue@nasdaq.com
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