Nasdaq Lists Vident Core U.S. Bond Strategy ETF

Fixed Income Strategy Designed to Guard Against Credit and Inflation Risks

NEW YORK, Oct. 16, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that Vident Financial, LLC will list a new exchange-traded fund, Vident Core U.S. Bond Strategy ETF (Symbol: VBND), on The Nasdaq Stock Market. VBND will begin trading on Nasdaq today, October 16^th, 2014.

"Fixed income is a critical asset class in our client's portfolios and we set out to address some of the risk challenges they are facing in the core of their fixed income portfolio," said Nick Stonestreet, Chief Executive Officer of Vident Financial. "Our clients were proactive with their concern about concentrated risks in the fixed income markets and asked us to develop a transparent, systematic strategy to replace the uncertainty around certain star-manager led funds."

VBND is a fixed income strategy that seeks to track the performance of the Vident Core U.S. Bond Strategy Index (Bloomberg Symbol VBNDX). This rules-based strategy index is designed to try to diversify some of the risks (credit, inflation, counter-party and star-manager) associated with fixed income strategies through the use of time-tested economic and investment principles. The fund aims to improve corporate bond exposure by including companies Vident believes to have stronger leadership, governance and creditworthiness characteristics.

"Vident Financial will benefit from Nasdaq's highly efficient, transparent listing program for exchange-traded products and the liquidity spectrum we represent," said Walt Smith, Vice President, Head of U.S. Equities at Nasdaq. "We are thrilled to launch VBND with our partners at Vident Financial and appreciate their confidence in choosing The Nasdaq Stock Market to list and trade ETFs."

Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.