The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and FactSet Research Systems Inc. (NYSE: FDS) (Nasdaq: FDS), a leading provider of integrated global financial information and analytical applications for the investment community, today announced FactSet's institutional and other clients now have access to the NASDAQ Global Index FamilySM.
Covering more than 98% of the investable world, the NASDAQ Global Index Family provides a transparent, rules-based global benchmark for institutional investors. This comprehensive family is specifically designed to meet the needs of institutions seeking extensive equity market coverage.
"FactSet is pleased to add the NASDAQ Global Index Family to our Global Indexing and Benchmark offering," says Patrick Locke, Vice President, Database Development, FactSet. "This release combines NASDAQ OMX's Global sector, benchmark, and tradable indexes with FactSet's analytical tools to let clients benchmark and track a broad representation of the global investable marketplace."
The NASDAQ Global Index benchmark (Nasdaq: NQGI) provides the broadest exposure for more than 98% of investable large-, mid-, and small-cap securities. The benchmark is broken down by market segment, region, country, size and sector and has a total float-adjusted market capitalization of over $37 trillion. The family includes 45 countries classified as Developed and Emerging Markets.
"The NASDAQ Global Index Family is specifically designed to meet the needs of institutions which are facing continued demands to track the global equity market," said John Jacobs, Executive Vice President, NASDAQ OMX Global Indexes. "The family, which covers more than 9,000 large-, mid-and small-cap securities, helps institutions facilitate many different tracking, trading and investing opportunities through efficient access and pricing. We applaud FactSet for continuing to respond to the needs of its institutional clients."
Securities in the NASDAQ Global Index Family are weighted according to their free-float adjusted market capitalization. The Global Index Family does not overlap, meaning all individual securities can only be assigned to one country, one size segment and one sector.