Yewno, a provider of Artificial Intelligence solutions in the financial sector, has partnered with STOXX to launch the iSTOXX Yewno Developed Markets Blockchain Index.
This is the second index based on Yewno’s unique algorithm launched by STOXX, following the STOXX AI Global Artificial Intelligence Index introduced January this year. This new Index leverages Yewno’s intelligent framework and extracts a portfolio of companies from a wide range of industries that are highly exposed in the development of technologies related to blockchain. These companies are therefore considered to be well-positioned to benefit from the increased adoption of blockchain.
The iSTOXX Yewno Developed Markets Blockchain Index methodology involves an underlying dynamic knowledge graph which aggregates a large volume of structured and unstructured data in order to find companies that are exposed to Blockchain technology and research. The selection of companies can span multiple sectors and industries, and each component is selected based on the highest exposure to the target theme. The approach leverages advanced techniques typically applied within the fields of complex systems, computational linguistics and artificial intelligence.
This particular index includes companies selected from the STOXX Developed Markets Total Market Index which are found to have exposure to Blockchain. The Index will serve as underlying strategy for an exchange-traded fund to be listed on the Canadian market in coming weeks.
“Yewno continues its journey in the creation of unique instruments able to surface hidden relationships across billions of increasingly fragmented, structured and unstructured data points leveraging our proprietary dynamic knowledge graph and Inference Engine. Once again, we are proud to strengthen our relationship with key partners such as STOXX in order to build solutions that readily capture emerging signals from a multitude of information sources,” says Yewno CEO Ruggero Gramatica (pictured).
“Blockchain is one of the most disruptive megatrends of our times and will play a major role in the transition towards a digital, highly technological world. We are excited to team up again with award-winning AI company Yewno. Their advanced approach, identifying the constituents for this index in a fully automated way is complementing STOXX’s approach to offer rules-based and transparent investment strategies,” says Matteo Andreetto, CEO of STOXX.
“With STOXX Thematic Indices we target investment exposure to modern megatrends, and provide solutions to make that exposure precise and reliable,” says Roberto Lazzarotto, Global Head of Sales at STOXX. “The iSTOXX Yewno Developed Markets Blockchain Index fulfils both goals, offering a unique strategy geared to a fascinating technological evolution of our times.”
