NASDAQ is the most liquid U.S. market for ETFs, capturing 37.9% of all U.S. ETF volume in October, a record high for the second consecutive month, an announcement said. The NASDAQ ETF Market is designed specifically to support ETFs and Index Linked Notes (ILNs) during their critical period of incubation. The Barclays ETFs are the first new ETFs to list on the NASDAQ ETF Market since its October launch.
Effective Friday, November 16, the following Barclays-sponsored ETFs listed on NASDAQ:
- iShares FTSE Developed Small Cap ex-North America Index Fund (IFSM),
- iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index Fund (IFGL),
- iShares FTSE EPRA/NAREIT Asia Index Fund (IFAS),
- iShares FTSE EPRA/NAREIT North America Index Fund (IFNA), and
- iShares FTSE EPRA/NAREIT Europe Index Fund (IFEU).
“These iShares ETFs will provide investors with instant, diversified exposure to a range of investment opportunities in a NASDAQ environment characterized by deep liquidity, speed, and unparalleled transparency,” said NASDAQ President and CEO Robert Greifeld, in the announcement.
The focus of The NASDAQ ETF Market is the Designated Liquidity Provider, a Market Maker who has been selected to maintain liquidity in qualified ETFs. Designated Liquidity Providers receive price incentives to support ETFs during their period of initial listing, when ETFs need to develop more active trading.
Designated Liquidity Providers are selected by NASDAQ based on factors including experience with making markets in ETFs and ILNs, adequacy of capital, willingness to promote NASDAQ as a marketplace, issuer preference, operational capacity, support personnel, and history of adherence to NASDAQ rules and securities laws.
More information about BGI’s iShares ETFs is at http://www.ishares.com.