Nasdaq Corporate Solutions has launched passiveIQ, a new tool designed to provide IR professionals with insights into passive index investment data from mutual funds and exchange-traded funds (ETFs).
Index ownership has created a shift in today’s capital markets, with the value of passive fund assets increasing year-on-year by 30 percent to $6.6 tn as of the end of December 2017. Now passiveIQ offers IROs a solution to benchmark passive ownership in a company’s shares relative to its peers and designed to appeal to all public companies, regardless of market capitalization or geographic location.
The tool is also designed to help IR professionals understand the latest trends in index ownership and gain insight into the index funds and ETFs they are – and aren’t – receiving capital from.
‘The IR marketplace today provides a number of ways to discover details on the active investment community, but companies are virtually left in the dark about a growing part of their shareholder reality,’ says Stacie Swanstrom, executive vice president and head of Nasdaq Corporate Solutions, in a statement announcing the launch.
‘With one third of all mutual fund and ETF assets under management now in passive index funds, the need for an analytics-based solution with actionable insights on passive index trends has never been greater.’
The tool also provides a source of data backed by analysts from Nasdaq Advisory Services’ index team to help companies identify indices for potential inclusion.
