Frankfurt (19 January 2021) – MV Index Solutions GmbH (MVIS®) today launched the BlueStar Electric Vehicle Industry Index (ticker: BEV).
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.
“We are excited to further extend our innovation in the Thematic Indexing space with the launch of the BlueStar Electric Vehicle Index,” said Steven Schoenfeld, CEO of MV Index Solutions. ”Each of these benchmarks are designed to accurately capture the dynamism of their respective innovative theme.”
The BlueStar Electric Vehicle Industry Index (ticker: BEV) 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 weigths are applied to ensure diversification.
Detailed information about the Indices, including methodology details and index data, are available on the MV Index Solutions website.