Nasdaq OMX Government Relief Index
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The Nasdaq OMX Government Relief Index is an index created by Nasdaq OMX in January 2009 to track the performance of companies receiving government aid through its $700 billion financial bailout (TARP) and other programs. The index consists of companies across multiple industries that have received a direct investment from the government of $1 billion or more. It is the first of a series of government relief-based indexes that Nasdaq plans to launch in early 2009.
The index began calculation with a value of 1,000 on Jan. 5, 2009. It trades under the symbol "QGRI." [1]
References[edit]
- ↑ New Nasdaq index tracks firms bailed out by gov't. Forbes.com.