NASDAQ OMX Global Indexes Announces Methodology Changes to the NASDAQ Biotechnology Index
10 Junho 2013 - 9:02AM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to
the methodology of the NASDAQ Biotechnology Index® (Nasdaq:NBI).
The NASDAQ Biotechnology Index, which is designed to track the
performance of a set of NASDAQ listed securities classified as
either biotechnology or pharmaceutical according to the Industry
Classification Benchmark (ICB), will continue to employ a modified
market capitalization weighting; however, the rebalancing
procedures will change. Going forward, the Index will be rebalanced
each quarter, to ensure the maximum weight of any Index security
does not exceed 8 percent, and no more than five securities are at
that cap. For a complete description of the revised Index
methodology, please visit
https://indexes.nasdaqomx.com/docs/methodology_NBI.pdf.
Due to considerable growth in the biotechnology sector,
particularly in the last six months, NASDAQ OMX has decided to
modify the methodology to ensure the Index Securities are closer in
line with their actual market capitalizations. The decision
reflects NASDAQ OMX's commitment to ensure the NASDAQ Biotechnology
Index remains one of the most widely-followed biotechnology
benchmarks in the world.
In addition, the Index will change to an annual evaluation in
December. Previously, the index was changed on a semi-annual
basis.
The new rebalancing procedures used to calculate Index shares
will become effective after the close of trading on Friday, June
21, 2013. Additions and deletions of securities will be made after
the close of trading on the third Friday in December. For more
information about the NASDAQ Biotechnology Index, including
detailed eligibility criteria, and complete methodology, visit
https://indexes.nasdaqomx.com/.
The NASDAQ Biotechnology Index is the basis for the iShares
NASDAQ Biotechnology IndexSM Fund (Nasdaq:IBB), the ProShares Ultra
NASDAQ Biotechnology ETF (Nasdaq:BIB) and the ProShares UltraShort
NASDAQ Biotechnology ETF (Nasdaq:BIS). For more information about
these funds, visit
https://indexes.nasdaqomx.com/Index/Overview/NBI.
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative,
market-leading, transparent indexes since 1971. Today, our index
offering spans geographies and asset classes and includes diverse
families such as the Dividend Achievers, Global, Nordic, Green
Economy, Sharia and Commodity Indexes. We continuously offer new
opportunities for financial product sponsors across a wide-spectrum
of investable products and for asset managers to measure risk and
performance. NASDAQ OMX Global Indexes also provides custom index
services and design solutions to selected financial organizations.
For more information about NASDAQ OMX Global Indexes, visit
indexes.nasdaqomx.com.
Daily index values, weightings and historical data for NASDAQ
OMX indexes are available via NASDAQ OMX Global Index Watch and
NASDAQ OMX Global Index Data Service.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group,
Inc., fuels economies and provides transformative technologies for
the entire lifecycle of a trade - from risk management to trade to
surveillance to clearing. In the U.S. and Europe, we own and
operate 23 markets, 3 clearinghouses and 5 central securities
depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to
process more than 1 million messages per second at sub-40
microsecond speeds with 99.99+% uptime, our technology drives more
than 70 marketplaces in 50 developed and emerging countries into
the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes
are the benchmarks in the financial industry. Home to over 3,300
listed companies worth more than $6 trillion in market cap whose
innovations shape our world, we give the ideas of tomorrow access
to capital today. Welcome to where the world takes a big leap
forward, daily. Welcome to the NASDAQ OMX Century. To learn more,
visit www.nasdaqomx.com. Follow us on Facebook
(www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx).
(Symbol: NDAQ and member of S&P 500)
The Industry Classification Benchmark ("ICB") is owned by FTSE
International Limited and has been licensed for use. "FTSE™" is a
trade mark of London Stock Exchange Group companies and is used by
FTSE under licence. FTSE does not accept liability to any person
for any loss or damage arising out of any error or omission in the
ICB.
The NASDAQ Biotechnology Index® is a registered trademark of The
NASDAQ OMX Group, Inc. (which, with its affiliates and
subsidiaries, is collectively referred to as "NASDAQ OMX") and is
licensed for use by BlackRock Investments, LLC and SEI Investments
Distribution Co. for use with the exchange traded funds set forth
above (collectively, the "ETFs".) The ETFs have not been passed on
by NASDAQ OMX as to their legality or suitability, and the ETFs are
not issued, endorsed or sold by NASDAQ OMX. NASDAQ OMX
MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE
ETFS. ADVICE FORM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
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 the NASDAQ Biotechnology
Index and other 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.
NDAQG
CONTACT: NASDAQ Media Contact:
Wayne Lee
+1.301.978.4875
Wayne.D.Lee@NASDAQOMX.Com
NASDAQ Issuer and Investor Contact:
Kathryn Barland
+1.301.978.8116
Kathryn.Barland@NASDAQOMX.Com
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