MV Index Solutions GmbH (MVIS®) today announced the launch of the MVIS Global Clean-Tech Metals ex-China Index (ticker: MVGMXC) and the BlueStar Top 10 US Residential Real Estate Index (ticker: BURRT).
The MVIS Global Clean-Tech Metals ex-China Index (ticker: MVGMXC) tracks the performance of global metals and rare earth element miners, refiners, and recyclers focused on metals and elements that are used in technologies contributing to the proliferation of clean energy. The index includes companies that generate at least 50% of their revenue from clean-tech metals or that have ongoing mining projects that have the potential to generate at least 50% of the company’s revenue from clean-tech metals.
“We are happy there is more demand for this topic after the launch of our MVIS Global Clean-Tech Metals index last year, which also includes locally-traded Chinese companies,” said Thomas Kettner, COO of MV Index Solutions. “The new index is based on the same universe – excluding China - and selection rules, so the absence of locally traded Chinese stocks leads to the addition of smaller, global companies,” he continued.
The BlueStar Top 10 US Residential Real Estate Index (ticker: BURRT) tracks the performance of the 10 largest and most liquid US exchange-listed residential real estate companies. This is an equally weighted index, and only includes companies that are domiciled, incorporated or headquartered in the United States, listed on a US exchange and denominated in USD. The index includes companies that generate at least 50% of their revenue or real estate asset value from residential real estate located in the US.
“We are pleased to announce the launch of our US Residential Real Estate Index, which provides investors a unique mix of REITs and home builders operating in the US. Housing supply pressures and an inflationary environment could provide tailwind to this sector over the coming years,” said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
The MVIS Global Clean-Tech Metals ex-China Index (ticker: MVGMXC) and the BlueStar Top 10 US Residential Real Estate Index (ticker: BURRT) are weighted by free float market capitalisation and are calculated in USD as price indices and total return net indices. The MVIS Global Clean-Tech Metals ex-China Index (ticker: MVGMXC) is reviewed on a quarterly basis. The BlueStar Top 10 US Residential Real Estate Index (ticker: BURRT) is reviewed on a semi-annual basis. Capping factors are applied to avoid overweighting of single index components. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.
Key Index Features
MVIS Global Clean-Tech Metals ex-China Index (ticker: MVGMXC)
Number of Components: 38
Base Date: 31 December 2015
Base Value: 1000
Key Index Features
BlueStar Top 10 US Residential Real Estate Index (ticker: BURRT)
Number of Components: 10
Base Date: 31 December 2015
Base Value: 100
Note to Editors:
About MV Index Solutions - www.mvis-indices.com
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices and BlueStar Indexes, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 30.58 billion in assets under management (as of 28 January 2022) are currently invested in financial products based on MVIS/BlueStar Indices. MVIS is a VanEck company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220128005364/en/
Contacts
Media
Eunjeong Kang, MV Index Solutions
+49 (0) 69 4056 695 38
media-enquiries@mvis-indices.com
