Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF

Fund is the First Ever Capital Expenditures ETF

NEW YORK, May 27, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Elkhorn Investments will list a new exchange-traded fund (ETF), The Elkhorn S&P 500 Capital Expenditures ETF (Symbol:CAPX), which will begin trading on The Nasdaq Stock Market today, May 27, 2015.

"We are excited to bring the first capital expenditures (capex) ETF to market," says Ben Fulton, former Managing Director of Global ETFs at Invesco PowerShares and current CEO of Elkhorn Investments. "Capex is the reinvestment of resources back into a business and a key driver of future growth, yet an overlooked area of today's market. We believe investors are looking for factors like capex efficiency, which identify companies that best use today's resources for tomorrow's growth."

CAPX tracks the performance of the S&P 500 Capex Efficiency Index (Index) which is designed to provide exposure to the 100 constituents of the S&P 500 which have exhibited the strongest capital discipline, in the form of efficient capital expenditures, over the near term. The Index focuses on capex efficiency, not just capex spending levels, providing exposure to stocks that have maximized sales per unit of capital expenditures. Firms with high capex efficiency have historically outperformed the broader market.

"We are thrilled that Elkhorn chose The Nasdaq Stock Market to list the first capital expenditures ETF," said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "Nasdaq prides itself on innovation and leadership in the ETF space and is focused on providing a full level of support for both new and existing issuers."

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.