Index providing exposure to securities trading
MV Index Solutions GmbH (MVIS®) announced the launch of the BlueStar US Listed E-Brokers and Digital Capital Markets Index (ticker: BUBID).
The BlueStar US Listed E-Brokers and Digital Capital Markets Index (ticker: BUBID) is an index of US-listed stocks that tracks the performance of the online securities brokerage and lending, market making, and digital asset capital markets industries. This includes companies with at least 50% of their revenues or operating activity from the following: Online brokerage or trading platforms – including self-directed wealth management platforms and robo-advisors, online lending platforms that also offer e-brokerage services, market making, or digital asset portfolio management/capital markets activities.
“We are pleased to announce the launch of our US-Listed E-Brokers and Digital Capital Markets index, the third index from MVIS covering this theme. Wealth-tech is emerging as a new area of fintech that we believe has generally flown under the radar of fintech investors until recently. Multiple long-term demographic trends and consumer preference for transaction online is driving demand for the products and services offered by the companies in the BUBID index,” said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
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The BlueStar US Listed E-Brokers and Digital Capital Markets Index (ticker: BUBID) is weighted by freefloat market capitalisation and is calculated in USD as a price index and a total return net index. The index is reviewed on a semi-annual basis. Detailed information about the index, including methodology details and index data
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