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Solactive releases Media and Communications Index

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Solactive has released the Solactive Media and Communications Index, a free-float market-cap-weighted index intended to mirror the price movement of global stocks in the media and communications industry.

The index includes companies operating in more traditional sectors, such as telecommunications and television broadcasting, and also companies operating in new media sectors, such as social media and online streaming services.
 
The index will be used to underpin the BMO Global Communications Index ETF.
 
Starting from the Solactive GBS Developed Markets Large & Mid Cap Index as the founding universe, the index implements a sector-based filtering strategy selecting companies operating in telecommunications, media and publishing services, communication equipment, web-based data, and game software. The five top components by market-cap are Google, Facebook, Apple, Cisco Systems, Verizon Communications, and the top three represented countries are the US, Japan, and the UK.
 
Timo Pfeiffer, Head of Research at Solactive, says: “The Solactive Media and Communications Index provides a snapshot of the changing media and communications landscape, capturing the full spectrum from traditional services to newer digital forms of communication. We are happy that Bank of Montreal has chosen Solactive to provide access to this theme and I am very keen to see how this sector will evolve in the next couple of years.”
 
The Solactive Media and Communications Index is denominated in CAD and calculated as a net total return (NTR) index. Components are weighted according to the UCITS scheme and are readjusted quarterly.

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