Indices aim to provide investors and institutional asset managers performance advantage coupled with award-winning dynamic asset allocation index solutions

NEW YORK & SALZBURG, Austria--(BUSINESS WIRE)-- The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges, and MYRA Capital announced today the launch of the new NYSE Dynamic Allocation Indices family to fulfill the increasing demand for innovative index solutions combined with an intelligent risk management and dynamic beta-management. Together, MYRA Capital’s experience and specialization in dynamic, forecast-free and risk-controlled quantitative asset allocation strategies, along with the industry-leading indexing capabilities and deep experience of the NYSE Global Index Group, form a unique combination suited to offer solutions for both retail and institutional investors.

“The NYSE continues to expand its range of index offerings with this strategic, all-weather index. Designed for investors who want to maintain participation in bull markets while hedging against market downdrafts, this is an effective new tool,” said Laura V. Morrison, Head of Global Index & Exchange Traded Products at NYSE. “The market-proven concept underlines MYRA Capital’s innovative approach and we are pleased to offer an index by which investors can efficiently benefit from a rules-based, forecast-free investment strategy.”

The new NYSE Dynamic Allocation Index strategies are designed for a variety of investment vehicles, including separately managed accounts, mutual funds and ETFs. The first index is dedicated to the U.S. market and will combine a dynamic allocation to either the NYSE U.S. Large Cap Equal Weight Index or the NYSE Current 10 Year U.S. Treasury Index. This focused exposure on a dynamic mix of the 500 largest equal-weighted U.S. equities and U.S. Treasuries is designed to combine uncorrelated alpha sources:

1. Optimized, Strategic Beta Indexing:
Equal weighting (1/n forecast-free weighting approach) of the 500 largest U.S. equities instead of market-cap weighting.

2. Dynamic Asset Allocation:
Forecast-free, rules-based shifting between the “risky” asset (U.S. equities) and the “riskless” asset (U.S. Treasuries) to significantly reduce equity-beta drawdowns

“This new index supports MYRA Capital’s ongoing push to deliver superior investment solutions for institutional asset managers worldwide. Together with the NYSE, we bring in our capabilities and experience in forecast-free investment strategies, which are not dependent on market forecasts which are often unreliable in predictive power. We are convinced that the next generation of indexing – the combination of optimized indexing and dynamic beta-management – will be a veritable alternative for the needs of sophisticated institutional investors as well as demanding retail investors,” said Gokhan Kula, Managing Partner and CIO of MYRA Capital.

The new index is currently being calculated and published in real-time through the NYSE Global Index Feed (GIF), available on all major market data platforms.

Background on NYSE Group’s Indices:

With a collective portfolio of over 230 benchmark indices, NYSE is a leading provider of indices. NYSE develops proprietary indices to provide investors and issuers with benchmarks that measure performance of key segments of the world economy. NYSE indices are available to be licensed as the basis for tradable products, including Exchange-Traded Funds (ETFs), to be launched in the future. For more information on NYSE index services please visit: www.nyse.com/indices

NYSE®, NYSE U.S. 100 Index®, NYSE Arca®, NYSE Composite Index® , Intellidex® and StrataQuant® are registered trademarks of NYSE Group, Inc., or its subsidiaries.

About MYRA Capital

MYRA Capital is an independent and owner-managed investment advisory company with emphasis on institutional investors globally. The company is headquartered in Salzburg (Austria) with local presences in Frankfurt/M., Munich (both Germany) and Zurich (Switzerland). MYRA’s clients comprise investment companies, pension trusts, endowments as well as private banks. The strategic focus of the company is geared towards forecast-free, systematical and rule-based investment strategies. MYRA Capital is specialized in prognosis-free, dynamic and risk-based quantitative asset allocation strategies and started its international operations in May of 2012.

About NYSE Group

NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges - the New York Stock Exchange, NYSE MKT and NYSE Arca - trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally in 2013. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models. NYSE Group also provides comprehensive global connectivity services and a range of market data products to support efficient, transparent markets.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange and ICE Futures.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.

INDEX PROVIDER AND NYSE AND ITS AFFILIATES MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM THE USE OF THE INDEX, TRADING BASED ON THE INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OR OTHER USE OF ANY PRODUCTS BASED ON THE INDEX. INDEX PROVIDER AND NYSE AND ITS AFFILIATES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN.

THE INDEX INFORMATION CALCULATED AND DISSEMINATED AND ANY OTHER DATA DISSEMINATED BY NYSE OR ANY OF ITS AFFILIATES OR AGENTS ARE FOR INFORMATIONAL PURPOSES ONLY AND ARE NOT INTENDED FOR TRADING PURPOSES. AS SUCH, THE INDEX, INDEX INFORMATION AND OTHER INFORMATION DISSEMINATED BY NYSE OR ANY OF ITS AFFILIATES ARE PROVIDED ON AN “AS IS” BASIS. NYSE MAKES NO WARRANTY, EXPRESS OR IMPLIED, RELATING TO THE INDEX INFORMATION OR OTHER INFORMATION, INCLUDING, BUT NOT LIMITED TO, EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR USE, TITLE OR NONINFRINGEMENT. NYSE DOES NOT WARRANT THAT THE INDEX OR INDEX INFORMATION WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THE INDEX OR INDEX INFORMATION IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. NYSE DOES NOT WARRANT OR REPRESENT THE USE OF THE INDEX INFORMATION IN TERMS OF ITS CORRECTNESS, ACCURACY, RELIABILITY OR OTHERWISE.

SOURCE: Intercontinental Exchange

ICE-EQ

NYSE Media Contact:
Judy Shaw
+1 212 656 4290
Judy.shaw@nyse.com
MYRA Capital Contact:
Martin Raab, CAIA
239-384-6090
raab@myracapital.com

Source: Intercontinental Exchange