Nasdaq Fund Network Provides Ticker Symbols for CITs

Nasdaq and Wilmington Trust announced the first-ever tickers for Collective Investment Trusts (“CITs”) on Nasdaq Fund Network (NFN), according to a story in MarketsMedia news. NFN is a global dissemination service whose mission is to bring greater retail investment transparency to the world’s financial markets. NFN and Wilmington Trust have collaborated to provide searchable tickers for more than 200 CITs. CITs are low-cost investment vehicles similar in structure to mutual funds, but available only to 401(k) and other qualified retirement plans. NFN now enables investors to easily access information on these low-cost investment funds with a standardized ticker for the first time. The market can now access CIT price and performance information across many market data platforms, and provide advisors, broker-dealers, and investors with easy access to much-needed daily net asset value information.