Ireland to get its own Nasdaq

Next Monday, July 28th the Nasdaq will introduce an Ireland Index which will be called the the “Nasdaq OMX Ireland Index”. This was announced by Nasdaq CEO Bob Greifeld on Thursday July 24th in New York.
“The Nasdaq OMX Ireland Index will provide investors with a benchmark to track companies in a country that has experienced consistently high levels of economic growth,” Greifeld said.

An exchange-traded fund (ETF) will be developed on the new Ireland index and will be listed it on the Nasdaq Stock Market in the USA.

The Ireland Index will be calculated across combined exchanges in US$ and it will start with a value of 250.000. The index will consist of 23 components and have an initial market capitalization of $97 billion.

The new Nasdaq index seems to belie claims that the Emerald Isle will suffer financially for the no vote on the Lisbon treaty.

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