Indxx Blockchain Index Licensed by First Trust for Europe’s First UCITS “Blockchain” Exchange Traded Fund
April 11 2018 - 4:00AM
Business Wire
Indxx is pleased to announce the Indxx Blockchain Index (the
“Index”) has been licensed to UK-based ETF provider First Trust
Global Portfolios as the underlying benchmark for the First Trust
Indxx Innovative Transaction & Process ETF (LSE:BLOK). With
this announcement, there are now ETFs that track the Index
available in the US, Canada, and EU.
The Index (ticker: ILEGR) tracks the performance of companies
with their primary listing in developed or emerging market
countries (as defined by Indxx) that are either actively using,
investing in, developing, or have products that are poised to
benefit from blockchain technology. Each constituent is extensively
researched and classified by Indxx according to a proprietary
three-tiered scoring system, and only companies ranked within the
top two tiers are eligible for inclusion in the Index. The Index
seeks to include only companies that have devoted material
resources to the use of blockchain technologies.
“Indxx is excited to have developed one of the world’s first
indices to provide diversified exposure to the global blockchain
space” said Rahul Sen Sharma, Partner at Indxx. “We believe that
blockchain is an exciting new technological innovation and our
index research and development team is proud to have built an index
that effectively targets it via a disciplined and transparent,
rules-based approach.”
Derek Fulton, CEO at First Trust Global Portfolios, said: “We
are pleased to bring to market this innovative UCITS ETF – BLOK.
With an increasing number of institutions harnessing blockchain
technology and applications spanning a wide range of industries, we
believe the efficiency, auditability and transparency provided by
blockchain offers the potential for significant growth
opportunities. The First Trust Indxx Innovative Transaction &
Process UCITS ETF offers exposure to this growing investment class
leveraging the liquidity and efficiency that a UCITS ETF structure
provides.”
About Indxx
Founded in 2005, Indxx seeks to redefine the global indexing
space. With offices in New York, Prague and New Delhi, the firm
focuses on Index Development and Index Calculation, combining 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 Index, please visit:
http://www.indxx.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20180411005261/en/
Indxx Press & Media RelationsAnchal Tandon,
+1-844-55-INDXXinfo@indxx.com
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