Solactive launches global technology leaders index
German index provider Solactive AG has launched Global Technology Leaders index.
It tracks the performance of global technology companies and businesses not necessarily labeled as traditional tech firms by a common sector classification system, but whose disruptive potential made them market incumbents that set significant impulses for the entire technology industry. This, in particular, refers to, but is not limited to, global companies engaged in technology-related themes such as Cyber-Security, the Internet of Things, E-Commerce, Robotics & Automation, Artificial Intelligence, Autonomous Vehicles, and Cloud/Big Data.
With the launch of the new index, Solactive contributes to an industry-wide trend intending to provide financial indices that are expected to outperform pure benchmark indices by focusing on specific market sectors and investment themes.
Solactive Global Technology Leaders index utilizes the Solactive GBS Developed Markets Large & Mid Cap Index as the initial universe. From this starting point, a proprietary selection procedure accounts for the individual eligibility of each index constituent.
Furthermore, in order to ensure adequate liquidity, companies are required to possess a free float market capitalisation of at least CAD1bn on each Selection Day.
The index constituents are weighted according to their free float market capitalisation.
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