Zug (February 20, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has launched seven new thematic indices. They cover a broad array of themes: Housing Construction, Industry 4.0, Millennials, Sharing Economy, Silver Economy, Smart Cities, and Smart Factory. With these new launches STOXX is now offering 16 revenue-based thematic indices.
“Thematic investing continues to attract strong capital flows as investors target disruptive megatrends with above-average growth outlooks. At STOXX we have advanced thematic investing since 2016 and are delighted to extend our thematic menu to include a variety of new concepts,” said Inderpal Gujral, STOXX Head of Product.
Each index selects those constituents within the STOXX® Developed and Emerging Markets Total Market Index, and applies two screens. In a first step, only stocks with a 3-month median daily trading volume (MDTV) greater than €1 million are included. The second screen selects companies with the highest (more than 50%) revenue exposure to business sectors associated with the concept in question. To that end, STOXX has partnered with FactSet Revere, a leading taxonomy expert, to use the FactSet Revere Business Industry Classification System (FactSet RBICS).
The seven new thematic indices:
- STOXX® Global Housing Construction
- STOXX® Global Industry 4.0
- STOXX® Global Millennials
- STOXX® Global Sharing Economy
- STOXX® Global Silver Economy
- STOXX® Global Smart Cities
- STOXX® Global Smart Factory