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
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

Mesirow acquires part of flexPATH in second retirement deal of 2026
Mesirow acquires part of flexPATH in second retirement deal of 2026

Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.

Advisor moves: LPL lands $350M veteran advisor duo in Florida
Advisor moves: LPL lands $350M veteran advisor duo in Florida

Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.

SEC accuses crypto firm founder of running $425 million Ponzi scheme
SEC accuses crypto firm founder of running $425 million Ponzi scheme

It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.

MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products
MassMutual Ascend tops $2 billion in RIA annuity sales as advisors warm to income products

Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.

Fintech bytes: Wealth tech firms target advisor productivity with new integrations
Fintech bytes: Wealth tech firms target advisor productivity with new integrations

Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income