Press Releases

UBS Launches ETN Tracking Solactive Whitney U.S. Critical Technologies Index

Solactive is pleased to announce that UBS Investment Bank listed the new ETRACS Whitney US Critical Technologies ETN, tracking the Solactive Whitney U.S. Critical Technologies Index. The launch marks the first engagement of Solactive with J.H. Whitney Data Services LLC.

Unique in its selection mechanism and risk-assessment, the index intends to track companies that support critical emerging technologies across the U.S. and its allies. The companies that compose the index are selected based on affiliation with the modernization priorities and their geostrategic risk rating score. The industry affiliation maps designated technology priorities to granular industry classifications, and the geostrategic risk rating score measures entanglement in risky countries, as designated by the U.S. government. The result is a diversified constituent list who align to U.S. modernization priorities with minimized geopolitical risk from sanctions, trade, and conflict.

The Solactive GBS Developed Markets Large & Mid Cap USD Index forms the basis of the index universe, which consists of large and mid-cap companies in developed market countries. To be included in the index, companies must be associated with one of the 14 critical technology sectors and receive a high geostrategic risk rating score, as determined by the selection criteria.

The ETN listed on NYSE Arca.

Timo Pfeiffer, Chief Markets Officer at Solactive, commented“The innovative and transformative nature of critical emerging technologies offers significant potential for growth and diversification, as it provides exposure to a broad range of companies in this sector. Solactive is pleased to have partnered with J.H. Whitney for the creation of the Solactive Whitney U.S. Critical Technologies Index and we look forward to continuing our long-term collaboration with UBS.”

John O’Connor, Chairman & CEO at JH Whitney Investment Management said:The Solactive Whitney U.S. Critical Technologies Index is a pioneering benchmark that uniquely factors in the emerging geopolitical landscape and the associated risks and opportunities for companies and investors alike.”