NASDAQ OMX Group has launched NASDAQ-100 Leveraged Index, a new index designed with the objective of producing two times the daily performance of the NASDAQ-100 Index with financing costs embedded into the performance of the index.
NASDAQ-100 Leveraged Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in US dollars.
John Jacobs, executive vice president at NASDAQ OMX, said: “This index will be used as a benchmark by those trying to replicate a leveraged investment strategy on the widely tracked NASDAQ-100 Index. The global index group developed this new index as a way to provide investors with objective ways to measure leveraged returns.”
