US - Nasdaq Global Funds have announced it will transfer sponsorship of the NASDAQ-100 Index Tracking Stock, the NASDAQ-100 European Tracker, and the four BLDRS Index Funds Trusts to PowerShares Capital Management.
The agreement is however still pending approval from Securities and Exchange Commission (SEC) and other regulatory bodies. PowerShares, the second largest issuer of ETFs in the US, said the transa...
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