NASDAQ Chaikin Power Indexes Expand Smart-Beta by Creating Quantitatively Enabled Strategies Based on Chaikin Power Gauge Rating
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) and Chaikin Analytics, LLC announced today the launch of three NASDAQ Chaikin Power Indexes: the NASDAQ Chaikin Power US Large Cap IndexSM (NQULCHK), the NASDAQ Chaikin Power US Small Cap IndexSM (NQUSCHK), and the NASDAQ Chaikin Power US Dividend Achievers IndexSM (NQDACHK). These new stock market indexes are rules-based, quantitatively enabled investment strategies, designed to outperform their respective benchmarks and are based on the Chaikin Power Gauge, a multi-factor quantitative model.
Referred to as enhanced alpha indexes, the NASDAQ Chaikin Power Indexes filter the NASDAQ US 300 IndexSM, NASDAQ US 1500 IndexSM and NASDAQ US Broad Dividend Achievers IndexSM utilizing the Chaikin Power Gauge. The NASDAQ Chaikin Power Indexes are available to fund managers, advisors and investors for licensing and implementation through separately managed accounts and ETFs.
“Marc Chaikin has been a pioneer in equity analytics on Wall Street for decades, and Chaikin Analytics provides investors with the unbiased investment tools, analytics and strategies our customers demand,” said John Jacobs, Executive Vice President, NASDAQ OMX Global Information Services. “The NASDAQ Chaikin Power Indexes offer investment and asset managers unique, quantitatively-enabled strategies to provide client portfolios with enhanced index performance while maintaining the liquidity and transparency standards they require.”
The Chaikin Power Gauge, the centerpiece of Chaikin Analytics and of the index construction, is based on a proprietary multi-factor model that combines fundamental, technical and sentiment factors into a rating that indicates a security’s statistical probability to over or under perform the market in the intermediate term. This methodology, coupled with a defined set of rules and criteria applied in a systematic and consistent manner, creates these enhanced alpha stock market indexes.
“Enhanced alpha products, such as the NASDAQ Chaikin Power Indexes, represent the next generation of product innovation,” commented Marc Chaikin, CEO and founder of Chaikin Analytics. “These indexes combine the best traits of smart beta and actively managed ETFs with enhanced performance by narrowing existing indexes down to their most promising constituents. By partnering with an innovative, market-leading, global index provider such as NASDAQ OMX Global Indexes, asset managers and investors around the world will now have access to these unique, enhanced investment strategies.”
The initial group of NASDAQ Chaikin Power Indexes, listed below, is the result of collaboration between NASDAQ OMX® and Chaikin Analytics, LLC.
Index Symbol ====== Index Name
NQULCHK ====== NASDAQ Chaikin Power US Large Cap Index
NQUSCHK ====== NASDAQ Chaikin Power US Small Cap Index
NQDACHK ====== NASDAQ Chaikin Power US Dividend Achievers Index
For licensing inquiries about NASDAQ Chaikin Power Indexes as model portfolios for separately managed accounts or for registered products to be offered by ETF providers or mutual fund advisors, please call +301.978.8050.
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, and licensing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX’s brand themes of innovation, technology, growth and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
About NASDAQ OMX Group
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the US and Europe, they own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, their technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions.
Their award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, they give the ideas of tomorrow access to capital today. To learn more, visit www.nasdaqomx.com. (Symbol: NDAQ and member of S&P 500)
About Chaikin Analytics, LLC
After more than 40 years on Wall Street, Marc Chaikin founded Chaikin Analytics LLC in 2009 to deliver proven stock analytics to financial service professionals. With the Chaikin Power Gauge, an alpha generating quantitative model as its centerpiece, Chaikin Analytics offers powerful decision-making tools in an easy-to-use desktop and iPad application. Money managers and traders use Chaikin Analytics to improve performance and optimize their workflow by adding an objective and unique view of the market, industry groups and individual equities and ETFs to their decision-making.
A Wall Street trader, stock broker and analyst, Chaikin created the Chaikin Power Gauge and three technical trading indicators, the widely-used Chaikin Oscillator, the Chaikin Accumulation/Distribution Indicator and the Chaikin Persistency of Money Flow. Chaikin’s indicators are industry standards, found on almost every trading platform in the world. Chaikin also pioneered the first real-time analytics workstation for institutional money managers and trading desks, now part of Thomson Reuters’ institutional workstation.
Chaikin is a frequent guest on CNBC, Fox Business and Bloomberg TV, and a contributor to both Forbes and MarketWatch. For more information on Chaikin Analytics, LLC please visit https://www.chaikinanalytics.com/.
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 Axioma Equity- Commodity Index Series and NASDAQ OMX’s 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.
Media Contacts:
Joe Christinat, NASDAQ OMX
646 441 5121
Joseph.christinat@nasdaqomx.com
Contact, Chaikin Analytics LLC
Jon Brubaker, Kwittken + Company
646-747-0156
jbrubaker@kwitco.com