Frankfurt (03 May 2021) – MV Index Solutions (MVIS®) today announced the launch of the BlueStar Agribusiness 50 Index (ticker: BMOO).
The BlueStar Agribusiness 50 Index is a global index that tracks the performance of the global agribusiness segment. This includes companies with at least 50% of their revenues 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 free-float market capitalisation and is calculated in USD as a price return and total return net index. Company weights are capped at 5%. The index is reviewed on a semi-annual basis. Detailed information about the index, such as methodology and index data, is available on the MV Index Solutions website.