Solactive launches social media index
Frankfurt-based Solactive AG haslaunched the Solactive Social Media Titans Performance Index, which will be the underlying for Certificates by Vontobel available in Germany in euro and in Switzerland in CHF, euro and dollar.
This newly launched Index is the fourth one developed and calculated by Solactive around the theme of social media. All indices are based on the same starting universe of companies driving most of their revenues from social media such as social networking, file sharing or other web-based media applications.
Steffen Scheuble, CEO of Solactive, said: “We leveraged our know-how in the Social Media space to build this new Index for Vontobel. This latest addition to our offering has the specificity of being a highly concentrated index, based on the 10 biggest stocks, and thus possibly the most promising ones.”
To be included in the Solactive Social Media Titans Performance Index, stocks must pass two liquidity screens: a market capitalization of more than EUR 750 million and a 3 months average daily traded value of more than EUR 1 million. The Index is then composed of the 10 largest stocks by market capitalization. All components are equal weighted, so each stock has a weight of 10%.
|Components of the Solactive Social Media Titan Performance Index (as of 1st October):|
|KYG875721634||TENCENT HOLDINGS LTD|
|US6983541078||PANDORA MEDIA INC|