Exchange unveils new Horizon Kinetics wealth indexes

The International Securities Exchange (ISE) has launched two new indexes in collaboration with Horizon Kinetics.

The two indexes are: Horizon Kinetics ISE Asia ex-Japan Wealth Index, which tracks publicly-held companies that are managed by some of the wealthiest individuals in Asian countries excluding Japan; and Horizon Kinetics ISE Global Wealth Index, which tracks the performance of publicly held companies managed by some of the wealthiest individuals in the world.

The new wealth indexes include companies led by individuals who have demonstrated superior track records and industry knowledge, and have used their respective companies as the primary means of accumulating substantial personal wealth.

Component companies of the Asia ex-Japan index include Cheung Kong Holdings Limited and Want Want China Holdings Limited, led by Li Ka-shing and Tsai Eng-Meng, respectively, two of the wealthiest individuals in Asia.

The Global Wealth Index includes companies such as LVMH Moet Hennessy Louis Vuitton S.A. and Noble Group Limited.

These latest indexes add to the growing suite of wealth indexes created by ISE and Horizon Kinetics and follow last month’s launch of the Virtus Wealth Masters Fund, the first mutual fund to track the Horizon Kinetics ISE Wealth Index.

Kris Monaco, head of new product development at ISE, said: “Our partnership with Horizon Kinetics continues to expand our product portfolio with the latest two indexes adding to our wealth index family. These unique indexes expose investors to some of the most successful companies headed by the wealthiest individuals in Asia and around the world, whose vested interests contribute to the creation of significant shareholder value.”

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