HANetf to launch two Tech ETFs linked to Solactive indices
Solactive is pleased to announce the launch of the Solactive Innovative Technologies Index and the Solactive Cloud Technology Index, used as underlying for the HAN-GINS Innovative Technologies ETF and the HAN-GINS Cloud Technology ETF, respectively.
Starting from an investment universe of developed markets and emerging markets equities, the Solactive Innovative Technologies Index excludes companies that do not fulfil minimum size and liquidity criteria and then selects companies operating in industries classified as: Robotics and Automation, Future Cars, Cyber Security, Cloud Computing, Genomics and Social Media. Current index components are for example: Salesforce.com Inc., Amazon Inc., Seattle Genetics Inc., and Fortinet Inc.
Timo Pfeiffer, Head of Research at Solactive, commented: “Technology is advancing at a very fast pace creating many opportunities in the market. Not only do Google, YouTube and Facebook rely on a modern IT infrastructure, a world without cloud storage would be unthinkable even for private consumers. By investing in companies driving innovation, investors can be directly exposed to the performance of market segments expected to grow in the future. For example, the Solactive Cloud Technology Index is tracking this exciting industry that is tapping in our everyone’s life. Therefore, we are happy to team up with HANetf and develop two innovative and investable index strategies.”
Hector McNeil, co-CEO of HANetf said: “HANetf works with third-party asset managers to bring differentiated and unique ETF exposures to European investors. Solactive have developed an outstanding reputation supporting the needs of ETF issuers, providing tradable indices that enable investors to target modern investment themes and ideas. We are pleased to have been able to leveraging their expertise in index construction to target the exciting emerging investment themes of cloud computing and innovative technologies in our latest ETF launches.”
Both ETFs will launch on the London Stock Exchange on 10th October, 2018.