The Nasdaq-100 Index Special Rebalance to be Effective July 24, 2023

/EIN News/ — NEW YORK, July 07, 2023 (GLOBE NEWSWIRE) — Nasdaq today announced that the Nasdaq-100 Index® (NDX®) will undergo a Special Rebalance effective prior to the market open on Monday, July 24, 2023. As described in the published index methodology, a Special Rebalance may be conducted to address overconcentration in the index by redistributing the weights. The Special Rebalance will not result in the removal or addition of any securities.

The Nasdaq-100 Index® includes 100 of the largest Nasdaq-listed domestic and international non-financial companies, and serves as the benchmark for numerous financial products around the world, including ETFs, mutual funds, futures, and options. The index is typically reconstituted annually in December, with additional rebalancing opportunities each quarter. The Special Rebalance of the index will be enacted based on the index securities and shares outstanding as of July 3, 2023, and the index share announcements and pro-forma file release will take place July 14, 2023.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

– NDAQG –

Media Contact: Peter Gau, Nasdaq
Issuer & Investor Contact: Index Client Services, Nasdaq
  [email protected]


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Originally published at https://www.einpresswire.com/article/643627074/the-nasdaq-100-index-special-rebalance-to-be-effective-july-24-2023

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