NASDAQ Launches Index Tracking TARP Companies
IndexUniverse Staff (January 8th, 2009) Writes:
New benchmark to track companies getting aid from TARP and President-elect Obama's proposed multibillion-dollar aid package.
Less than two weeks before President-elect Barack Obama takes office, a new index is coming out that will track stocks tied to companies participating in the Troubled Asset Relief Program.
The NASDAQ OMX Group said on Thursday that its Government Relief Index will follow not only those getting financial backing through TARP but also any firm receiving direct government investments from other programs. Presumably, that could include President-elect Obama's proposed $775 billion in additional bailout support to boost jobs and the economy.
Potential benefactors in business from such moves could include industries focused on infrastructure improvements and alternative energy sources, among others.
"We believe the NASDAQ OMX Government Relief Index will be useful in helping investors evaluate the government's investments and the impact of the relief plan on the economy during this period of
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