Frankfurt (15 February 2022) – MV Index Solutions GmbH (MVIS®) today announced the licensing of the BlueStar Hydrogen and NextGen Fuel Cell Index (ticker: BHDRO) to Hanwha Asset Management, a leading Korean asset management company that offers a full range of financial investment products. The index underlies the Hanwha ARIRANG Hydrogen NextGen Fuel Cell MV ETF.
The BlueStar Hydrogen and NextGen Fuel Cell Index (ticker: BHDRO) is a global index that tracks the performance of the global hydrogen and fuel cell segment. Due to the lack of pure-play companies in the global hydrogen and fuel cell segments, this includes pure-play and non-pure-play companies. Pure-play companies are those with at least 50% of their revenues from hydrogen and/or fuel cell. Non-pure-play companies are those that are engaged in hydrogen or fuel cell projects, including the production of industrial gases with the potential to generate 50% of revenue or play a significant role in the global hydrogen or fuel cell segment. Vehicle manufacturers are not eligible for inclusion in the index.
The BlueStar Hydrogen and NextGen Fuel Cell Index (ticker: BHDRO) is weighted by float-adjusted market capitalisation and is calculated in USD as a price index, a total return net index and a total return gross index. The index is reviewed on a quarterly basis. Detailed information about the index, including methodology details and index data is available on the MV Index Solutions website.