Indxx LLC Launches Indxx Global Agriculture Index, Licensed to First Trust for Exchange Traded Fund
21 Décembre 2015 - 6:07PM
Business Wire
Indxx LLC is pleased to announce the launch of the Indxx Global
Agriculture Index (the “Index”). The Index has been licensed to
noted Wheaton, Illinois-based ETF issuer First Trust Advisors L.P.
for their exclusive use as the underlying benchmark for the First
Trust Indxx Global Agriculture ETF, which began trading today
(NASDAQ:FTAG). The ETF previously traded under a different symbol
(NASDAQ:PLTM), and tracked a different underlying benchmark.
Indxx’s research division and numerous independent sources have
projected significant increases in global populations and food
demand in the coming decades. When combined with much smaller
projected growth in the amount of arable land available for
farming, Indxx’s research division believes that companies focused
on improving agricultural yields could represent a unique and
attractive area of investment focus.
“We at Indxx are excited to have developed this index for First
Trust by using the cutting-edge capabilities of our research and
analytics divisions to identify a unique trend and properly target
it via an index-based approach,” said Rahul Sen Sharma, Partner at
Indxx. “We look at it as another example of how we seek to
distinguish ourselves as a custom index provider that adds value
throughout the index development process.”
“As the global population continues to expand, the importance of
companies involved in helping to make more efficient use of
agricultural resources can’t be overstated,” said Ryan Issakainen,
CFA, Senior Vice President and ETF Strategist at First Trust. “We
believe this index represents an effective representation of this
investment theme.”
The Index is a modified market capitalization-weighted index
designed to measure the performance of companies which are directly
or indirectly engaged in improving agricultural yields. The Index
is comprised of farmland companies and firms involved in chemicals
and fertilizers, seeds, irrigation equipment, and farm machinery,
and is constructed based on market capitalization and liquidity of
those companies’ shares.
The Index was backtested to March 23, 2007 with an original
value of 1,000, and officially launched on June 9, 2015. There are
three versions of the Index currently available, a price return
version (ticker: IGAIP), total return version (ticker: IGAI) and
net total return version (ticker: IGAINT). As of November 30, 2015,
the Index included 45 securities with a weighted average market
capitalization of $37.70 billion. These amounts are subject to
change.
About Indxx
Founded in 2005, Indxx seeks to redefine the global indexing
space. With offices in New York, London and New Delhi, the firm
focuses on Index Development, Index Calculation, Analytics &
Research and combines these services in a holistic, customized
approach that is unique to the industry and provides maximum
benefits to our clients.
For more information about Indxx or the Indxx Global Agriculture
Index, visit:http://www.indxx.com/
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version on businesswire.com: http://www.businesswire.com/news/home/20151221005907/en/
Indxx Press & Media RelationsAttention: Anika BhardwajPhone:
+1-844-55-INDXXEmail: info@indxx.com
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