Advisors Asset Management (AAM) has launched the NASDAQ Q-50 Index Portfolio, Series 2014-1Q, a new unit investment trust (UIT) seeking to provide investors with capital appreciation potential.
The UIT seeks to invest on an ongoing basis in the 50 stocks that comprise the NASDAQ Q-50 Index, a market-capitalization-weighted benchmark tracking companies which are next-eligible for inclusion in the NASDAQ-100 Index.
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This select group of firms, known as the "Q-50," includes non-financial companies from a variety of industries, such as computer hardware and software, telecommunications, healthcare, biotechnology and retail/wholesale trade. Approximately 70 percent of the NASDAQ Q-50 Index’s current companies are based in the US.
Richard A. Stewart, CFA, senior vice president and UIT product manager at AAM, said: "As more advisors shift their focus from dividend-producing stocks to total return and growth strategies, we have responded by providing a growth-oriented portfolio of equity securities in a cost-effective wrapper. This latest addition to our product lineup replicates a well-performing and reliable benchmark index, and can serve as a growth complement within investors’ overall portfolios over the long term."
AAM’s longstanding strategic relationship with The NASDAQ OMX Group presented the firm with an opportunity to replicate the NASDAQ Q-50 Index through a single-strategy UIT.
AAM also offers exposure to the NASDAQ Q-50 Index’s companies through another UIT, the Strategic High 50/Q-50 Dividend and Growth Portfolio, Series 2014-2Q (Ticker: HFQFEX). This multi-strategy product’s portfolio consists of about 100 stocks — 50 selected through AAM’s High 50 Dividend Strategy and 50 from the NASDAQ Q-50 Index.
