The NASDAQ OMX Group, and Claremont Investment Partners have launched The NASDAQ OMX Industry Leaders Index, a benchmark for quality fundamentally weighted index performance.
The index is based on the quantitative and proprietarily weighted methodology created by Claremont’s partner, Gerald Sullivan. The Industry Leaders Portfolio Strategy is an investment process that creates a portfolio of between 65 and 85 large cap blue chip companies in 45 to 60 industries with credit quality. The index leverages elements of equal weight, fundamental and non-traditional index methodologies to create the monthly portfolio allocations. The strategy is currently employed in The Industry Leaders Fund.
Gerry Sullivan, chief investment officer and CFO of Claremont Investment Partners, said: “We are excited to be a partner with one of the most dynamic, technologically-advanced exchanges in the world. We believe The NASDAQ OMX Industry Leaders Index will become an industry leader in the large cap, fundamentally weighted index universe. Our 10 year plus track record of actual (not hypothetical) results at the fund is testament to the value that can be derived from our disciplined, quantitative and consistent index based approach to investing.”
John Jacobs, executive vice president of NASDAQ OMX, said: “We are pleased to partner with an industry leader such as Claremont Investment Partners. Claremont is an inventor of a proven, patented investment strategy and both NASDAQ OMX and Claremont share a commitment to transparency and innovation.”
