Solactive has announced the launch of the Solactive Asia Ex-Japan Technology & Internet Tigers Index. It is tracking the performance of the 50 largest technology and/or online retail stocks that have the majority of their business risk in Asia (excluding Japan). The constituents are weighted according to free float market capitalization.
Online retailers are booming in Asia. Across generations, people are using the internet to make their daily purchases. New technological developments are widely adopted and offer significant growth opportunities. The Solactive Asia Ex-Japan Technology & Internet Tigers Index is tracked by the Australian BetaShares Asia Technology Tigers ETF.
Timo Pfeiffer, Head of Research at Solactive, commented:
The fantastic growth rates in recent years of online retailers all over the world are a beyond comparison. With its steadily rising middle class, Asia is destined to continue this track of success in the technology and online retail space. The Solactive Asia Ex-Japan Technology & Internet Tigers Index gives investors the opportunity to track this exciting market.
The index universe consists of the 50 largest stocks by free-float market capitalization that mainly focuses on the Asian technology and/or online retail market. Some current index components include: TSMC Inc., Alibaba Group Holding Ltd., Baidu Inc. and JD.com Inc.