SINGAPORE - The Singapore Exchange is licensing its iEdge-FactSet Global Internet Index to Nikko Asset Management , which will adopt the index for exchange-traded fund listing.
As at May 31, 2019, Facebook takes up the lion share of the index with an 11.35 per cent weightage, followed by Amazon and Google parent company Alphabet. Chinese tech giants Tencent and Alibaba are also included. Other iEdge-FactSet thematic indices include Global 5G, Asia Healthcare Select and Global Robotics indices.
Simon Karaban, head of Index Services at SGX, said:"The iEdge-FactSet series of thematic indices offer flexibility and choice for investors who can better express their view on a range of emerging trends across global markets. We are pleased to be partnering with Nikko AM in licensing the iEdge-FactSet Global Internet Index, drawing on our respective strengths to offer a compelling solution for investors.
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