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Photo Release -- China's First Cross Border Exchange Traded Fund -- The Guotai NASDAQ-100 ETF -- Begins Trading On The Shanghai Stock Exchange

Stocks in this article: NDAQ

NEW YORK, May 15, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that China's first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index ®, has begun trading on the Shanghai Stock Exchange. The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was created so that investors in China could easily invest in the largest and most liquid companies traded on The NASDAQ Stock Market. The listing of this product marks the first exchange-traded fund in China to provide access to the U.S. market.

Guotai NASDAQ-100 Exchange-Traded Fund
Guotai NASDAQ-100 Exchange-Traded Fund is the first ETF in China to provide access to the U.S. market

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=18739

Until now, investors in China have been able to access the U.S. market but only through ordinary Qualified Domestic Institutional Investor funds, most of which follow active strategies, are cumbersome to trade and involve a lengthy redemption process. The Guotai NASDAQ-100 Exchange-Traded Fund significantly enhances the efficiency of investment in U.S. securities for these investors. Additionally, because the product trades on the secondary market like any ETF, prices are transparent and transaction costs are low, making the product appealing to institutional and individual investors alike.

The launch of the Guotai NASDAQ-100 ETF is a significant development for the burgeoning exchange-traded product market in China. According to BlackRock, Inc., an independent, global investment manager, year-to-date inflows into Chinese equity ETPs increased 23.4 percent to $937.4 billion.

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