Stoxx Limited has launched the Stoxx Global 3D Printing Pure Play Index, which tracks “pure play” companies that are highly involved in the 3D printing sector.
“The Stoxx Global 3D Printing Pure Play Index provides market participants with a transparent and rules-based barometer of leading stocks in the flourishing 3D printing sector,” says Hartmut Graf (pictured), chief executive officer, Stoxx Limited. “The new index focuses solely on pure play or highly involved companies in the 3D printing business, making it truly representative of this expanding market.”
The index universe for the Stoxx Global 3D Printing Pure Play Index is defined as all stocks in the Stoxx Global Total Market Index, which currently covers 65 countries and over 7,000 securities. To be included in the Stoxx Global 3D Printing Pure Play Index, companies must pass a set of screens. More than 10 per cent of their revenues must be generated from the 3D printing sector. Companies must have a minimum three-month average daily trading volume (ADTV) of EUR25,000 and a minimum free-float market capitalisation of EUR10m. Companies are then ranked by revenues derived from the 3D printing sector and the top 30 companies are selected for inclusion in the index.
The index is weighted by free-float market capitalisation and component weighting is capped at 20 per cent. The index is available in price, net and gross return versions, and calculated in Euro and US Dollars (USD). The index is reviewed annually in September and rebalanced quarterly. Daily history is available back to 17 September 2010.
