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Rating:Nasdaq Eyes Direct Sales of ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 25, 2005

Nasdaq Eyes Direct Sales of ETFs

Reported by Theresa Sim

Nasdaq Global Funds Inc. is working on a solution to the problem of incremental investors and ETFs, reports the Wall Street Journal.

Nasdaq hopes to make its Nasdaq-100 Index Tracking Stock Trust available to investors without brokerage accounts for as little as one or two dollars per trade.

Investors would purchase shares through a direct program with Nasdaq. Shares of ETFs would directly in the trust when the investor has accumulated a certain amount of money.

If the program works, Nasdaq plans to make four of its BLDRS ETFs available.  

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