ZUG (Oct. 18, 2018) - 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 Fintech Index to Sumitomo Mitsui Asset Management as an underlying for an investment fund.

The index is comprised of companies associated with financial technology (fintech). These businesses use technology to change how financial services are offered to end customers. They also boost the competitive edge of traditional financial service providers by improving efficiencies and driving new products and solutions. Revere Business Industry Classification System (RBICS) data allow a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial fintech exposure.

'As the second product for our Innovation Index Series, we have selected the fintech theme. Here in Japan and also globally, the financial industry is being exposed to a new wave of innovation driven by companies that provide technology and solutions for financial purposes. The STOXX Global Fintech Index captures these companies and we expect that this global theme will continue to show growth opportunities in the years to come,' said Tsuneto Iki, Executive Director of Sumitomo Mitsui Asset Management.

'Fintech is vastly remodeling the transactional and profit landscape for banks, asset managers, brokers, insurers, trading venues and retail. Just think of disruptive practices such as online payments, robo advisors and peer-to-peer insurance. The STOXX Global Fintech Index aims to capture this theme and is an innovative addition to our unique thematic offering,' said Inderpal Gujral, STOXX's Head of Product.

The underlying universe for the STOXX Global Fintech Index is the STOXX® Developed and Emerging Total Market Index. The Fintech Index follows the same revenue-based selection methodology applied by other STOXX Thematic Indices. Companies with at least 50% of their sales stemming in aggregate from a range of more than 30 fintech-related sectors are selected for the index. These sectors include blockchain technology, commodities trading services, payment processing software, retail brokerages, financial and compliance software, money transfer services, and trade execution services. Weightings are defined by each stock's fintech-related sector exposure multiplied by its market capitalization.

For further information, please see

https://www.stoxx.com/index-details?symbol=STXFTGR&stoxxindex=stxftgr&searchTerm=fintech

# #

Media contacts:

Andreas von Brevern, phone: +49 69 211 14284

Note to Editors:

About STOXX Limited

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular 'STOXX' indices include all standard, theme and strategy indices that are part of STOXX's integrated index family and follow a strict rules-based methodology. The 'iSTOXX' brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded 'STOXX' and 'iSTOXX' are developed by STOXX for a broad range of market participants, the 'STOXX Customized' brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe.

STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices. www.stoxx.com

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

Attachments

  • Original document
  • Permalink

Disclaimer

Deutsche Börse AG published this content on 18 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 08:12:01 UTC