Investment club unveils index

Nasdaq Stock Market Inc. has teamed with BetterInvesting, a nonprofit investment education organization, to launch the BetterInvesting 100 Index, a listing of the top growth companies that the group's 13,127 investment clubs and 131,556 individual members hold.
APR 09, 2007
By  Bloomberg
Nasdaq Stock Market Inc. has teamed with BetterInvesting, a nonprofit investment education organization, to launch the BetterInvesting 100 Index, a listing of the top growth companies that the group's 13,127 investment clubs and 131,556 individual members hold. The index, which began trading today with a benchmark value of 150.00, is based on portfolios of members, with the top 100 companies outperforming the Dow Jones Industrial Average by more than 14% since March 2003, according to BetterInvesting. The BetterInvesting 100 Index is an equal-dollar weighted index, which relies on long-term investing methodology and the group's stock selection guide to pick stocks.Two versions of the index are calculated — a price return index and a total return index. The price return index, or BIXX, is calculated without accounting for cash dividends, while the total return index, or BIXR, reinvests cash dividends. Each March, when BetterInvesting clubs report their top holdings, Nasdaq will adjust the BetterInvesting 100 Index to reflect current information. "This represents what real people are investing in and is a purely blended portfolio of what we believe is a highly educated investor base," said Peter Breen, who serves as chief strategist for BetterInvesting and is managing partner at The Vokser Group of New York. The organization intends to create an exchange traded fund, an open-ended fund and other derivatives from the index, Mr. Breen said. BetterInvesting is based in Madison Heights, Mich.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.