Frankfurt (19 January 2021) – MV Index Solutions GmbH (MVIS®) todaylaunched the BlueStar Electric VehicleIndustry Index (ticker: BEV).
The BlueStar Electric VehicleIndustry Index (ticker: BEV) tracks the performance of global companies withat least 50% (25% for current components) of their revenue from electricvehicles, sale of electric vehicle parts or charging technology: cars, trucks,buses, bicycles, mopeds/scooters, industrial vehicles (excluding materialhandling equipment), ships and boats, trains (must rely on autonomous energysources), airplanes.
“We are excited to further extend ourinnovation in the Thematic Indexing space with the launch of the BlueStarElectric Vehicle Index,” said Steven Schoenfeld, CEO of MV Index Solutions.”Each of these benchmarks are designed to accurately capture the dynamism oftheir respective innovative theme.”
The BlueStar Electric Vehicle Industry Index (ticker: BEV) is weighted by a blend of market cap and revenue. The index is calculated in USD as a price and a totalreturn net index. A floor and a cap on weigths are applied to ensurediversification.
Detailed information about the Indices,including methodology details and index data, are available on the MV IndexSolutions website.
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