NEW YORK, May 29 (Bernama) --
Nasdaq announced that Global X Funds will list a new exchange-traded
fund (ETF), the Global X YieldCo Index ETF (Symbol: YLCO), which will
begin trading on The Nasdaq Stock Market Thursday, May 28, 2015.
"YieldCos
are an emerging asset class that meets many of the key investment
characteristics investors are looking for, such as high current income,
low volatility and the opportunity for dividend growth," said Jay
Jacobs, Research Analyst at Global X Funds. "We are excited to bring
this asset class to investors who have traditionally looked to MLPs and
REITs for alternative income exposure."
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