Brooklyn investment group launches innovative american depositary receipts (adr) index in partnership with nasdaq

New york , nov. 1, 2023 /prnewswire/ -- brooklyn investment group, llc in partnership with nasdaq (nasdaq: ndaq), today announced the launch of the nasdaq-brooklyn adr™ index, designed specifically for direct indexing and tax-loss harvesting strategies implemented in separately managed accounts (smas) to address their greater liquidity requirements. the index leverages a liquidity-adjusted weighting methodology to scale index weights down for american depositary receipts (adrs) with liquidity below the underlying stock's market value.
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