Frankfurt (10 March 2021) – Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Electric Vehicle Industry Index (ticker: BEV) to Migdal Mutual Funds Ltd., a leading Israeli issuer of ETFs and index mutual funds.
The BlueStar Electric Vehicle Industry Index (ticker: BEV) tracks the performance of global companies with at least 50% (25% for current components) of their revenue from electric vehicles, sale of electric vehicle parts or charging technology: cars, trucks, buses, bicycles, mopeds/scooters, industrial vehicles (excluding material handling equipment), ships and boats, trains (must rely on autonomous energy sources), airplanes.
The index, launched on 19 January 2021 is weighted by a blend of market cap and revenue. The index is calculated in USD as a price and a total return net index. A floor and a cap on weights are applied to ensure diversification.