Companies using disruptive technologies are defined as those entering traditional markets with new digital forms of production and distribution, seek to disrupt an existing market and value network, displace established market-leading firms, products and alliances and increasingly gain market share.
The underlying index will only include companies that derive a minimum of 50% of revenue from a single disruptive technology thematic area and the index provider will review the themes every three yars for inclusion.
“With this launch, Indxx is excited to continue to drive innovation in the thematic indexing space,” Rahul Sen Sharma, Partner at Indxx, said in a note. “Over the last few years, we have established ourselves as a market leader when it comes to thematic indices by combining top-quality research capabilities with cutting edge thought leadership. We are delighted to add to our growing list of indices in this space through our new relationship with ALPS.”
For more information on new fund products, visit our new ETFs category.