Frankfurt (29 June 2021) – Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the BlueStar Agribusiness 50 Index (ticker: BMOO) to Migdal Mutual Funds, a leading Israeli issuer of ETFs and index mutual funds.
The BlueStar Agribusiness 50 Index (ticker: BMOO) tracks the top 50 companies by market capitalisation on selected exchanges. It provides pure-play exposure to globally listed ‘agribusiness’ companies, the companies must derive 50% of revenue or product pipeline from: agri-chemicals, animal health and fertilisers, seeds and traits, from farm/irrigation equipment and farm machinery, aquaculture and fishing, livestock, cultivation and plantations (including grain, oil palms, sugar cane, tobacco leafs, grapevines etc.) and trading of agricultural products. Companies that produce the majority of their revenues from the distribution and/or sale of packaged food products or goods, biodiesel and ethanol or forestry are not included in the index.
The BlueStar Agribusiness 50 Index (ticker: BMOO) is weighted by float-adjusted market capitalization and is calculated in US Dollars as a price and a total return net index. The index is reviewed on a semi-annual basis. Detailed information about each index is available on MV Index Solutions website.