Frankfurt(3 December 2020) – Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the MVIS US Listed Semiconductor 10% Capped Index (ticker: MVSMC) to VanEck for the use as underlying index fortheir first UCITS compliant ETF in the UK with a focus on companies within thesemiconductor industry that demonstrate high liquidity due to their marketcapitalisation and trading volume.
“Microchips are anelementary component of the high-tech industry,” says Martijn Rozemuller,European Head of VanEck. “They are used in technical components such ascomputer chips or microprocessors and our modern world would be inconceivablewithout them. Be it with topics such as cloud computing, 5G, artificialintelligence, robotics, cybersecruity, autonomous driving or digitalisation.With the growing use of modern technology in business and everyday life, thedemand for and significance of more powerful microchips is increasing. This new ETF was developed after we received many requests for thesuccessful US version of the ETF. To address this demand, we developed theUCITS version that we are listing today."
The MVIS US Listed Semiconductor 10% Capped Index (ticker: MVSMC) is a supplement to our successful MVSMH, with the difference thatcompany weightings are capped at 10%. The modified market cap-weighted index,tracks the performance of the largest and most liquid listed U.S. companiesthat generate at least 50% of their revenues from semiconductor.
“We are pleased to announce the licensingof the MVIS US Listed Semiconductor 10% Capped Index, which is a supplement toour successful MVSMH, with the difference that company weightings are capped at10%,“ said Steven Schoenfeld, CEO at MV Index Solutions.
The MVIS US Listed Semiconductor 10% Capped Index is a pure-play index that contains only companies which are engagedprimarily in the production of semiconductors and semiconductor equipment. Theindex is reviewed semi-annually.
Detailed information about the Indices, including methodology details and index data, are available on the MV Index Solutions website.
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