Nasdaq and First Trust Advisors have teamed up to launch two new exchange-traded funds, both tied to the performance of Nasdaq indexes.

"This collaboration with First Trust is indicative of our commitment to offer investors products that help them reach their investment objectives," said John Jacobs, executive vice president of Nasdaq. "The development of ETFs that are based on Nasdaq's industry-leading companies bolsters First Trust's reputation as a provider of innovative financial products and services."

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