ZURICH (July 31, 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 iSTOXX Developed Markets B.R.AI.N. Index to the Canadian Coin Capital Investment Management Inc (Coincapital). The index uses FactSet Revere data to identify sectors likely to benefit from increased prevalence of four different themes: biotechnology, robotics, artificial intelligence (AI), and nanotechnology.
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“Tracking emerging technologies requires specialized expertise, and Coincapital is excited to work with STOXX on this index. The B.R.AI.N. Index is a great step towards offering investors easy access to the immense growth potential of emerging technologies like biotech, artificial intelligence, and nanotechnology,” said Lewis Batemen, CEO of Coin Capital Investment Management Inc.
“The iSTOXX Developed Market B.R.AI.N. Index is part of the growing iSTOXX FactSet Thematic index family, which has seen strong investor demand for single-theme indices launched so far. They give investors access to the most important megatrends of our age. This particular thematic index selects stocks from four megatrends that are expected to change the world as we know it. Biotech, robotics, AI and nanotech have their popularity on the rise, and potential applications across many industries,” said Matteo Andreetto, CEO of STOXX Limited.
The iSTOXX Developed Markets B.R.AI.N. Index is made up of companies that generate more than 50 % of their revenue from biotechnology (B), robotics (R), artificial intelligence (AI), or nanotechnology (N). Following an initial liquidity filter, all stocks in the STOXX Developed Markets Total Market Index are screened through FactSet Revere’s granular business segment analysis to assess their exposure to each megatrend tracked by the B.R.AI.N Index. The index selects the top companies in terms of revenue exposure from each theme and combines them in the same basket.
For further information, please see: https://www.stoxx.com/index-details?symbol=IXBRANGR