Cathay Securities Investment Trust Selects ICE FactSet Global Top 50 Brands Index for New ETF
September 26 2022 - 08:00AM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced that Cathay Securities Investment Trust (“Cathay SITE”)
has selected the ICE FactSet® Global Top 50 Brands Index for
a newly launched ETF.
The ICE FactSet Global Top 50 Brands Index (ICFSTBR) is a
modified, float-adjusted market capitalization-weighted equity
benchmark designed to track the performance of companies that are
characterized as having globally recognizable and strong consumer
branding, based on the metrics set forth in the index methodology.
The Cathay Global Top 50 Brands ETF (Ticker: 00916) uses ICE’s
index as its benchmark and is expected to list on the Taiwan Stock
Exchange on September 26, 2022.
“Cathay SITE has a dynamic portfolio of thematic funds, and
we’re pleased to have them list a new ETF benchmarked to an ICE
index,” said Magnus Cattan, Head of ICE Fixed Income and Data
Services in APAC. “This is the first ETF in Taiwan that focuses on
quantifying the brand value of well-known global companies by using
intangible economic value in selecting constituents, resulting in a
transparent, rules-based and innovative approach.”
Cathay SITE is the largest asset management company in Taiwan,
with assets totaling $36.71 billion. Since 2015, Cathay SITE has
expanded its product line with a broad range of ETFs, including
innovative products such as the Cathay Global Autonomous and
Electric Vehicles ETF which won The Asset’s most innovative ETF
award in 2022.
This new listing is the 43rd ETF to list in Taiwan that is
benchmarked to an ICE index, representing a total of assets under
management of approximately $15.7B.
“We are focused on extending our footprint in Asia Pacific and
offering our customers the most innovative and competitive
financial products in the market,” said Andy Chang, CEO at Cathay
SITE. “By evaluating the intangible economic value of well-known
brands, the ICE FactSet Global Top 50 Brands Index enables us to
create unique new funds for our customers to allow them to invest
in industries that match their investment profile and
strategies.”
ICE’s global family of indices serves as the performance
benchmark for more than $1.5 trillion in assets managed by
investors around the globe. For more information about ICE’s
Indices, please visit:
https://www.theice.com/market-data/indices.
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. FactSet® is a trademark of FactSet
Research Systems, Inc. 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.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882 investors@ice.com
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