Stoxx Launches Pure Play 3D Printing Index
(ETF Strategy) Stoxx, a provider of securities indices, has launched the Stoxx Global 3D Printing Pure Play Index, a new index tracking the investment performance of listed pure-play 3D-printing companies. The index has been designed to underlie index-linked investment products such as certificates, notes and exchange-traded funds (ETFs).
Commenting on the launch, Hartmut Graf, chief executive officer of Stoxx, said: “The Stoxx Global 3D Printing Pure Play Index provides market participants with a transparent and rules-based barometer of leading stocks in the flourishing 3D-printing sector. The new index focuses solely on pure-play or highly-involved companies in the 3D-printing business, making it truly representative of this expanding market.”
The introduction of a pure-play 3D-printing index follows the launch of the Stoxx Global 3D Printing Tradable Index back in April this year. The main difference between these indices is that to be eligible for inclusion in the pure-play version a company must generate more than 10% of their revenue from the sector compared to just 1% for the original index. However, to ensure diversification the minimum free-float market capitalisation requirement is lower, at €10 million compared to €80 million for the original index.