STOXX has launched the STOXX Global 3D Printing Tradable Daily Short Index, which has been licensed to HypoVereinsbank onemarkets (UniCredit Bank AG) to serve as the basis of an index certificate.
“The STOXX Global 3D Printing Tradable Daily Short Index is the latest addition to our suite of innovative short and leveraged strategy indices,” says Hartmut Graf, chief executive officer, STOXX Limited. “The new index offers access to the 3D Printing sector, and allows sophisticated market participants to make tactical investments during bearish markets.”
“Our open-ended index certificate on the STOXX Global 3D Printing Tradable Daily Short Index (DE000HY53DS5) tracks index movements almost perfectly and gives investors the opportunity to also profit from falling markets,” says Dominik Auricht, expert for investment and leverage products at HypoVereinsbank onemarkets. “The two index variants (long and short) and our associated certificates provide suitable investment alternatives for investors with differing views on the market.”
The STOXX Global 3D Printing Tradable Daily Short Index replicates a short investment strategy that is inversely linked to the daily performance of the STOXX Global 3D Printing Tradable Index. For example, a negative performance of the underlying index results in a positive performance of the STOXX Global 3D Printing Tradable Daily Short Index, and vice versa (not taking into account the additional effect from the financing term).
The STOXX Global 3D Printing Tradable Daily Short Index is calculated in euro. Daily historical index values are available back to 17 September 2010. The cost of borrowing and the benefit of earning interest are taken into account.
The underlying STOXX Global 3D Printing Tradable Index comprises those companies out of the STOXX Global Total Market Index that generate more than one percent of their revenues from the 3D printing sector. To ensure tradability, companies must also have a minimum three-month average daily trading volume (ADTV) of EUR250,000 and a minimum free-float market capitalisation of EUR80 million. Furthermore, they must be listed in a country that is classified as a developed market according to STOXX’s country classification model. Currently, the index includes 13 companies that passed all screens.
