FactSet, a leading provider of integrated financial information and analytical applications, today announced the launch of the FactSet Global FinTech Index, which provides a benchmark to track the performance of companies engaged in financial technologies, particularly in the areas of software and consulting, data and analytics, digital payment processing and transfer, and payment-related hardware. The Index has been licensed to Nikko Asset Management as the benchmark for the Global Fintech Equity Fund.
The FactSet Global FinTech Index is designed to track the performance of companies engaged in financial technologies that facilitate the transition of businesses and consumers to a digital economy. In particular, companies selected for the Index are focused on developing data, analytics, software, hardware and consulting services to deliver solutions for payment processing, money transfer, lending and borrowing, and banking and investment.
The index universe for the FactSet Global FinTech Index is defined as stocks listed in one of the 30 developed and emerging market exchanges outlined in the index methodology. They must also have a market capitalization greater or equal to USD 300 million and a 3-month average trading value (ADTV) of at least USD 1 million. The Index is equal-weighted and is calculated in both price and total return versions available in US dollar. The base date is January 5, 2011 with a base value of 100. The Index is rebalanced semi-annually in January and July.
FactSet delivers the world’s best insight and information to investment professionals through superior analytics, service, content, and technology. More than 63,000 global users make smarter investment decisions with FactSet’s desktop analytics, mobile applications, and comprehensive data feeds. FactSet is also an honoree of Fortune’s 100 Best Companies to Work For and a Best Workplace Award recipient in the United Kingdom and France. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (NASDAQ:FDS).
Source: FactSet Press Release