KUALA LUMPUR, April 30 (Bernama) -- Recon Capital Partners has listed a new exchange-traded fund (ETF), The Recon Capital FTSE 100 on The Nasdaq Stock Market, which began trading on April 29, 2015.
UK is designed to give U.S. investors direct access to the well-capitalized listed companies on the London Stock Exchange. Recon Capital partnered with FTSE and the London Stock Exchange to license its flagship index.
The fund would have an initial expense ratio of 45 basis points, said Nasdaq in a statement issued today in New York
"Nasdaq is a leading-edge and modern marketplace, making it the perfect place to list the Recon Capital FTSE 100 ETF.
"It has demonstrated a commitment and a growing presence in the ETP market, which is why we once again turned to the Nasdaq when we decided to launch UK. We believe that Nasdaq's reputation, coupled with the innovative features of UK, will support a successful investor offering," explained Kevin Kelly, CIO of Recon Capital Partners in the same statement.
"Recon Capital launched their first ETF in 2013 and we appreciate their continued confidence in choosing Nasdaq as a primary market listing venue," added Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq.
-- BERNAMA
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