Frankfurt (11 May 2022) – Today, MarketVector Indexes announced the licensing of the BlueStar Top 10 US Listed Alternative Asset Managers Index (ticker: BUALT) to Hanwha Asset Management, a leading Korean asset management company that offers a full range of financial investment products.
The BlueStar Top 10 US Listed Alternative Asset Managers Index (ticker: BUALT) tracks the performance of the 10 largest and most liquid US-listed companies that are in the Alternative Asset Management segment. The index only includes companies that are listed on a US exchange and denominated in USD, and generate at least 75% of their revenue or operating assets from the management of, or investments in, Alternative Assets. Alternative Assets are non-publicly-traded investments, such as but not limited to: privately-held companies, such as private equity or venture capital equity, real estate assets, or infrastructure assets. The index may include business development companies, but doesn’t consider companies that provide financing to alternative asset managers or consultants who provide advisory services to asset owners.
“We are very pleased to license this innovative index to Hanwha for what will be a unique ETF in the Korean marketplace,” said Steven Schoenfeld, CEO of MarketVector Indexes. “Given the increased volatility in global markets, investors could benefit from the diversification of exposure to Alternative Asset Managers in the coming months and years,” he continued.
"Hanwha ARIRANG Top 10 US Listed Alternative Asset Managers MV ETF (KS: 426410) is among the more unique ETF products available to Korean investors; it offers an opportunity to gain indirect exposures to exclusive alternative assets through investing in leaders of the alternative assets industry. Hanwha is committed to providing innovative investment solutions that would help investors reach their investment goals more quickly,” said Hanwha Asset Management.
It is modified market cap-weighted index and reviewed on a semi-annual basis. The index is calculated in USD as a price index, a total return gross index, and a total return net index. Detailed information about the index, including methodology details and index data, is available on the MarketVector Indexes website.