Frankfurt-based index provider Solactive has announced the launch of a new index focussing on the effects of ownership structures on the long-term development of a company.
The index displays the performance of companies that are in large part owned by families. It is used as an underlying for open end certificates of the UBS, which will be listed at the Swiss stock exchange for structured products ‘SIX structured product exchange’ in CHF, EUR and USD. Barclays also plans to use the index in products, mainly in France, in EUR and USD.
The universe of the Solactive Global Family Owned Companies Index is based on the Global Research by the University of St. Gallen, which lists the 500 biggest companies, in terms of revenue, where families hold at least 32% of the voting rights. Out of this universe all listed companies at a regulated and approved stock exchange are further considered as components for the index.
Steffen Scheuble (pictured), CEO at Solactive, comments: “By launching the Solactive Global Family Owned Companies Index we introduced another index that is focused on the long-term development of a company. Investors can now participate in the positive influence of family ownership and follow a sustainable and attractive yield/risk ratio.”
Robin Lemann, head UBS Public Distribution Switzerland, adds: “Tracker certificates on the Global Family Owned Companies Index open another niche market to the investors. That way they can participate in the development of global family owned firms with just one product. Thanks to its dynamic index methodology it is assured that the index is regularly adjusted to the newest market environment.”