Solactive Launches new Sharing Economy Index
Solactive is pleased to announce the launch of the Solactive Sharing Economy Index. It tracks companies active in the Sharing Economy, and other modern economies such as on-demand and subscription.
Formerly being attributed to open-source communities, the umbrella term “Sharing Economy“, nowadays reflects various economic activities such as peer-to-peer sharing of goods and services. For many years, the usage of Sharing Economy services is on the rise, with 26 percent of US internet users engaged in 2017, growing to an expected 38 percent in 2021.
The Solactive Sharing Economy Index provides exposure to companies active in car sharing, hospitality, private rentals, peer-to-peer lending, and co-working. Its construction leverages on Solactive’s in-house research to break down and analyze the dynamics of this thriving economy. The index includes listed companies that are competing with the large private unicorns such as Airbnb, Uber, Lyft, etc. and provides exposure to companies that invested heavily in these aforementioned market leaders.
Timo Pfeiffer, Head of Research at Solactive, commented: “The Sharing Economy is reflecting a current shift in our societal behavior. Nowadays, we prefer to share resources for a broader cause and more efficiency. Solactive continues to innovate in order to provide investors with a common framework to get exposure to listed and non-floating companies active in this trend”.