ICE Semiconductor Index Selected as Benchmark for Mega International’s New Taiwan-Listed ETF
June 26 2022 - 07:30PM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced that the ICE Semiconductor Index (ICESEMI) was selected
by Mega International Investment as the benchmark for the Mega ICE
Semiconductor ETF, which is listed on the Taiwan Stock
Exchange.
The ICE Semiconductor Index is a rules-based, modified
float-adjusted market capitalization-weighted index that tracks the
performance of the thirty largest U.S.-listed semiconductor
companies. Companies that are classified within the Semiconductors
industry of the ICE Uniform Sector Classification schema are
eligible for inclusion in the index. This industry includes
companies that either manufacture materials that have electrical
conductivity (semiconductors) to be used in electronic applications
or utilize LED and OLED technology. It also includes companies that
provide services or equipment associated with semiconductors such
as packaging and testing.
“Thematic ETFs, such as the Mega ICE Semiconductor ETF, provide
opportunities to gain exposure to major trends that are driving
future economic growth,” said Magnus Cattan, Head of ICE Fixed
Income and Data Services in Asia-Pacific. “We’re excited to work
with Mega International Investment on the launch of this new fund
and to provide new benchmarks in this growing sector of the
market.”
As of the end of 2021, assets under management (AUM) for ETFs
listed on Asian exchanges tracking ICE’s indices reached $17.1
billion, nearly quadrupling the amount of AUM since 2018. Much of
that growth came from the launch of 11 new thematic, climate and
ESG ETFs in 2021, which quickly accumulated over $1.72 billion in
AUM by the end of the year.
To learn more about ICE’s Index services, please visit:
https://www.theice.com/index-solutions.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Other products, services, or company
names mentioned herein are the property of, and may be the service
mark or trademark of, their respective owners. Key Information
Documents for certain products covered by the EU Packaged Retail
and Insurance-based Investment Products Regulation can be accessed
on the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20220626005052/en/
ICE Media Contact: Damon Leavell
damon.leavell@ice.com (212) 323-8587
media@ice.com
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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