FactSet Launches Global FinTech Index
January 10 2017 - 7:45AM
FactSet, a leading provider of integrated financial information and
analytical applications, today announced the launch of the FactSet
Global FinTech Index, which provides a benchmark to track the
performance of companies engaged in financial technologies,
particularly in the areas of software and consulting, data and
analytics, digital payment processing and transfer, and
payment-related hardware. The Index has been licensed to Nikko
Asset Management as the benchmark for the Global Fintech Equity
Fund.
The FactSet Global FinTech Index is designed to track the
performance of companies engaged in financial technologies that
facilitate the transition of businesses and consumers to a digital
economy. In particular, companies selected for the Index are
focused on developing data, analytics, software, hardware and
consulting services to deliver solutions for payment processing,
money transfer, lending and borrowing, and banking and investment.
“Our goal is to lead innovation and deliver indexes that address
difficult-to-access dimensions of the capital market,” said Jeremy
Zhou, head of indexing at FactSet. “The granularity of the FactSet
Revere Business Industry Classification System (FactSet RBICS)
helps investors to better understand and invest in evolving market
areas like FinTech, which spans multiple industries often in niche
areas that might be difficult to discover. With RBICS we are able
to develop a relevant benchmark by identifying 17 FinTech-targeted
industries out of RBICS’ more than 1,400 industry
levels.”
The index universe for the FactSet Global FinTech Index is
defined as stocks listed in one of the 30 developed and emerging
market exchanges outlined in the index methodology. They must also
have a market capitalization greater or equal to USD 300 million
and a 3-month average trading value (ADTV) of at least USD 1
million. The Index is equal-weighted and is calculated in both
price and total return versions available in US dollar. The base
date is January 5, 2011 with a base value of 100. The Index is
rebalanced semi-annually in January and July.
To learn more about FactSet’s indexing solutions, visit
http://www.factset.com/data/index.
Get more information about using FactSet RBICS and other unique
sector content sets to help deliver precision in the thematic
portfolio construction process at
http://www.factset.com/data/company_data/industry_sector.
About FactSet FactSet delivers the world’s best
insight and information to investment professionals through
superior analytics, service, content, and technology. More than
63,000 global users make smarter investment decisions with
FactSet's desktop analytics, mobile applications, and comprehensive
data feeds. FactSet is also an honoree of Fortune’s 100 Best
Companies to Work For and a Best Workplace Award recipient in the
United Kingdom and France. FactSet is listed on the New York Stock
Exchange and NASDAQ (NYSE:FDS) (NASDAQ:FDS). Learn more at
www.factset.com and follow on Twitter:
www.twitter.com/factset.
Contact:
Amy Bowman
FactSet Research Systems Inc.
203.810.2144
abowman@FactSet.com
FactSet Research Systems (NYSE:FDS)
Historical Stock Chart
From Mar 2024 to Apr 2024
FactSet Research Systems (NYSE:FDS)
Historical Stock Chart
From Apr 2023 to Apr 2024