Syntax Data, a leader in innovative financial data solutions, is proud to announce the expansion of its partnership with SmartTrust, a leading provider of Unit Investment Trusts (UITs). The SmartTrust® Power Solutions Trust tracks the Syntax Power Solutions Index, which holds US-listed companies involved in solar, wind, nuclear, and natural gas power generation, as well as manufacturing related equipment.
This innovative thematic index is designed to participate in the evolving energy landscape by providing exposure to clean energy, hydrogen and fuel cells, biofuels, and smart grid technologies.
Kevin Mahn, President & CIO, SmartTrust® said, “With U.S. power demand projected to continue to grow significantly, and data center electricity use, in particular, expected to rise by 160% by the decade’s end, the time for a dedicated investment solution that targets the next generation of power solutions seemed appropriate.”
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This expanded partnership underscores both companies’ shared commitment to providing investors with forward-thinking strategies in an evolving market. The Power Solutions Trust, built on Syntax’s proprietary Functional Information System (FIS®), is designed to deliver targeted exposure to companies driving advancements in power generation, renewable energy, and innovative energy solutions.
“Syntax Data’s FIS® is an industry-leading framework that classifies companies based on their business functions, enabling purer diversification and more precise sector exposures,” said Patrick Shaddow, CEO, Syntax Data. “By utilizing this approach for the Power Solutions Trust, investors gain access to a portfolio designed to capitalize on opportunities within the growing and dynamic energy sector.”
“By applying a precise, data-driven approach, the Syntax Power Solutions Index helps investors unlock opportunities in the evolving energy landscape,” said Andrei Senyuk, SVP, Index Development at Syntax Data.
“SmartTrust® is excited to work with Syntax to bring SmartTrust’s brand of unique, innovative and UIT focused offerings,” said Matthew Wolcott, COO, SmartTrust®.
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