Solactive AG has launched the Solactive Cuba Focused Caribbean Index, designed to follow North and South American companies likely to gain from the recent opening up of Cuba to the US.
The Index has been licensed to Leonteq for tracker certificates listed both in Zurich (in CHF, USD and EUR) and Frankfurt (in EUR).
The US and Cuba announced the normalisation of bilateral relations on 17 December 2014, thus ending over 50 years of hostility. This significant improvement in diplomatic relations is expected to generate a lot of potential business opportunities, in particular for companies investing in Cuba, most of which are already driving revenues from the Caribbean. A new American travel and trade regulation was enacted, foreign direct investments are increasing and companies are looking into new opportunities in the Cuban market.
Steffen Scheuble, CEO, Solactive, says: “With our Solactive Cuba-Focused Caribbean Index, we have developed a concept, which is based on an exciting political and historical event. Thus, through our Index, investors are able to benefit from the renewal of diplomatic ties after more than half a century. We are delighted to work together with Leonteq on such an interesting topic.”
Simon Przibylla, Head Public Solutions, Leonteq, says: “We are happy to offer Investors a solution to participate from the recent opening of the Cuban market. The tracker certificates on the Solactive Cuba-Focused Caribbean Index perfectly complement our product range to regional exposures with great growth potential, such as Myanmar and Sub-Sahara.”
