Nasdaq, ETRE Financial announce partnership, 12 new co-branded indexes

By Tali Rackner

Norfolk, Va., June 25 – The Nasdaq OMX Group, Inc. and ETRE Financial, LLC announced a new partnership in the real estate investment trust benchmark index space with the launch of 12 co-branded indexes, according to a notice.

The indexes are: Nasdaq ETRE Composite REIT index, Nasdaq ETRE Composite REIT Total Return index, Nasdaq ETRE Healthcare REIT index, Nasdaq ETRE Healthcare REIT Total Return index, Nasdaq ETRE Hospitality REIT index, Nasdaq ETRE Hospitality REIT Total Return index, Nasdaq ETRE Office REIT index, Nasdaq ETRE Office REIT Total Return index, Nasdaq ETRE Residential REIT index, Nasdaq ETRE Residential REIT Total Return index, Nasdaq ETRE Retail REIT index and Nasdaq ETRE Retail REIT Total Return index.

The Nasdaq ETRE REIT index family is designed to provide smart-beta exposure to the United States real estate market through the usage of REIT security types. The indexes use ETRE Financial's proprietary Enterprise Value methodology to weight components based on the total value of the underlying properties of the real estate investment trust.

The indexes launched on May 1.

Nasdaq OMX is an exchange company based in New York. ETRE Financial is a real estate financial technology company.

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