Nasdaq index coming to Ireland (at bizjournals.com)

San Francisco Business Times - by The Nasdaq OMX Group Inc. will introduce the Nasdaq OMX Ireland Index on July 28. CEO Bob Greifeld announced the index at the Business & Finance US-Ireland Business awards lunch Thursday in New York. "The Nasdaq OMX Ireland Index will provide investors with a benchmark to track companies in a country that has experience consistently high levels of economic growth," Greifeld said. Invesco PowerShares Capital Management LLC, which provides exchange-traded funds (ETFs), will develop an ETF based on the new Ireland index and will list it on the Nasdaq Stock Market. The Ireland Index will be calculated in real-time across combined exchanges in dollars and it will start with a value of 250.000. It will consist of 23 components and have a market capitalization of $97 billion. Major companies that... [read full story]