Following the successful launch of a series of index strategies targeting themes related to disruptive technology and innovation, Solactive is introducing the Solactive Blockchain Technology & Hardware Index.....
Timo Pfeiffer, Head of Research at Solactive
The Index mirrors the performance of global companies focusing directly on blockchain innovation and development, as well as companies providing hardware and hardware-related services used in the process of mining, an essential part in supporting blockchain technologies.
The Index includes companies involved in both the software and hardware applications of the blockchain ecosystem. The Index is tracked by the Horizons Blockchain Technology & Hardware Index ETF, which began trading today on the Toronto Stock Exchange under the ticker symbol “BKCH”.
Timo Pfeiffer, Head of Research at Solactive, commented: “Blockchain is one of the hottest topics in the financial world and beyond, as it has the potential to revolutionize many storage and economic processes. The Solactive Blockchain Technology & Hardware Index focuses on the infrastructure around the technology, the ‘shovel providers’ during the gold rush, to use an analogy. We are happy that Horizons ETFs, one of the biggest players in the Canadian ETF market, has chosen Solactive to turn this theme into an investable solution.”
Steve Hawkins, President and Co-CEO of Horizons ETFs, commented: “We’re pleased to once again be working with Solactive, which has become a crucial index partner for our business. As the blockchain industry grows, so too will the potential holdings of the Index, as more companies invest in developing blockchain technology directly or technology that supports the blockchain ecosystem. From medical records, to natural resources, to financial services, the applications of blockchain technology are practically endless.”
The Solactive Blockchain Technology & Hardware Index takes a three-tiered approach by selecting one-third of its components from companies focusing on the development of blockchain technologies, one-third from the semiconductor industry, and one-third from industries that directly supply other relevant hardware or services important for large-scale mining on a commercial level (e.g. hosting, storage and data centers).
Within each industry group, Index components are equally weighted. The Index is calculated as a net total return (NTR) index and is published in USD. The Index is readjusted quarterly.