The FINANCIAL — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Consumer Electronics Association (CEA)(R) announced on April 12 the introduction of the NASDAQ OMX(R) CEA(R) Smartphone IndexSM (Nasdaq:QFON), a new benchmark for the telecommunications sector focused on wireless, mobile devices with advanced communications functionality.
The NASDAQ OMX(R) CEA(R) Smartphone Index is a modified market-capitalization index and includes companies that are primarily involved in the building, design and distribution of handsets, hardware, software, and mobile networks associated with the development, sale and usage of smartphones.
"This index brings sharper focus to an industry that is transforming the world's ability to communicate, work, and interact with each other," said NASDAQ OMX Executive Vice President John Jacobs. "Investors, thanks to this index, can now easily track companies that are working diligently to combine the benefits of the phone and computer in a single device."
"The consumer electronics industry is known for innovation in technology, and we are delighted to work with NASDAQ OMX to bring new innovation to financial products," Shawn DuBravac, chief economist and director of research at CEA. "Smartphones represent the fastest growing segment of the wireless industry, and the ability to track this sector through an index provides a great new tool to investors."