Earlier this year, Nasdaq paid $225 million Dorsey, Wright & Associates (DWA), an independent registered investment advisor that also provides indexes for an array of well-known ETFs. [Nasdaq Acquires Dorsey Wright]
There are 187 ETPs benchmarked to Nasdaq’s global indexes, currently, and in 2014 alone, 27 new ETPs began tracking Nasdaq Indexes. The ETPs represent $105 billion in assets under management, according to the statement.
The PowerShares ETFs affected by the Nasdq/KBW partnership have a combined $775 million in assets under management.
PowerShares KBW Bank Portfolio
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of QQQ.