YORK, Nov. 1, 2023 /PRNewswire/ -- Brooklyn
Investment Group, LLC in partnership with Nasdaq (Nasdaq: NDAQ),
today announced the launch of the Nasdaq-Brooklyn ADR™ Index,
designed specifically for direct indexing and tax-loss harvesting
strategies implemented in separately managed accounts (SMAs) to
address their greater liquidity requirements.
The index leverages a liquidity-adjusted weighting
methodology to scale index weights down for American Depositary
Receipts (ADRs) with liquidity below the underlying stock's market
value. ADRs give investors the opportunity to diversify into
international equities within the domestic U.S. equity market.
Adjusting for liquidity is important in the ADR market because
the liquidity of the U.S.-listed instrument does not have to be
closely tied to the market capitalization of the foreign-listed
primary shares. The adjustment can help reduce trading and index
turnover costs. As a result, the Nasdaq-Brooklyn ADR™ Index
provides investors with broad international exposure in a
potentially more cost-effective way. To learn more about the
Nasdaq-Brooklyn ADR™ Index, please see our research note,
"Together, Brooklyn Investment Group and Nasdaq are pushing the
envelope on what's possible in the investment management industry,"
said Antti Petajisto, Head of Equities at Brooklyn Investment
Group. "Combining Nasdaq's years of expertise in capital markets
with Brooklyn's focus on
tech-enabled innovation in portfolio management will widen the
range of tools available to investors. We are particularly excited
to introduce the novel concept of a liquidity adjustment factor and
its potential to unlock significant savings on trading costs, even
for relatively passive investment strategies."
"At the forefront of innovation, Nasdaq is focused on
implementing unique technologies to enhance indexing," said
Cameron Lilja, Vice President and
Global Head of Index Product and Development at Nasdaq. "We're
excited to partner with Brooklyn Investment Group to develop an
index methodology that creates more opportunities for investors to
gain differentiated exposure to the market."
The Nasdaq-Brooklyn ADR™ Index is now included in Brooklyn
Investment Group's SMA platform and available for financial
advisory firms and asset managers through Nasdaq.
About Brooklyn Investment Group
Brooklyn Investment Group is an SEC-registered investment
adviser that combines artificial intelligence with
institutional-grade portfolio optimization and automated tax-loss
harvesting to power personalized portfolios for its clients, which
include wealth and asset management firms. To learn more about the
company, its technology, and career opportunities, visit BKLN.com,
LinkedIn, or reach out to us at email@example.com.
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
financial product or an overall investment strategy. Neither
Brooklyn Investment Group, The Nasdaq, Inc. nor any of its
affiliates make any recommendation to buy or sell any financial
product or any representation about the financial condition of any
company or fund. Statements regarding Nasdaq's proprietary indexes
are not guarantees of future performance. Actual results may differ
materially from those expressed or implied. Past performance is not
indicative of future results. Investors should undertake their own
due diligence and carefully evaluate companies before investing.
ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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SOURCE Brooklyn Investment Group