Press Releases — February 28, 2018

STOXX Global Electric Vehicles & Driving Technology Index Licensed To BlackRock

Zug (Feb 28, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX® Global Electric Vehicles & Driving Technology Index to BlackRock to serve as an underlying for an ETF.

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The index is focusing on the irreversible sustainable trend towards electric vehicles by including companies, which are involved in the manufacturing of electric and autonomous vehicles, battery suppliers for electric vehicles, and other suppliers in the electric and autonomous vehicle manufacturers’ supply chain.

“Electric vehicles and driving technology are great examples of how STOXX captures megatrends, which are persistent and disruptive paradigm shifts that are changing society, and providing investors with opportunities of a growing economy,” said Inderpal Gujral, STOXX Head of Product.

Rob Powell, Lead Strategist, iShares Thematic Investing at BlackRock, comments: “We are on the cusp of another huge leap in the way we get from A to B, as the irreversible trend towards electric vehicles unfolds. And beyond the vehicle manufacturers, producers of battery technology, autonomous vehicle components and charging infrastructure will all benefit from this revolution in transportation.”

The index universe is defined as all stocks from the STOXX Global Total Market index. Revere (RBICS) data allow a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the theme. In addition, the index uses Factset’s supply chain relationship data, which exposes business relationship interconnections among companies, providing pure exposure to the theme.