Two new exchange traded funds based on NASDAQ indexes are under development.

0 Comments | M2 Presswire, February, 2006

M2 PRESSWIRE-28 February 2006-NASDAQ: Two new exchange traded funds based on NASDAQ indexes are under development(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:27022006 New York - The Nasdaq Stock Market, Inc. today announced it has entered into an agreement with First Trust Advisors L.P. to launch two new exchange traded funds (ETFs), the NASDAQ-100 Equal Weighted Fund (NASDAQ: QQEW) and the NASDAQ-100 Technology Fund (NASDAQ: QTEC), which will be based on the NASDAQ-100 Equal Weighted IndexSM (Symbol: NDXE) and the NASDAQ-100 Technology IndexSM (Symbol: NDXT), respectively.

The ETFs will be managed by First Trust Advisors L.P. and listed on NASDAQ . The NASDAQ-100 Equal Weighted Fund and the NASDAQ-100 Technology Fund are designed to correspond to the price...

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