FreightWaves and MerQube have announced the launch of the MerQube FreightWaves Supply Chain Tech Index, designed to provide exposure to publicly traded global companies operating in the supply chain technology sector.
The firms writes that this index is the first such index to track the financial performance of listed companies that are focused on driving innovation and growth in the critical supply chain and logistics industry. By providing transparency and visibility into the USD9.6 trillion global supply chain sector, FreightWaves and MerQube write that they are helping investors, companies and industry analysts better allocate resources to confront the most pressing supply chain challenges.
FreightWaves and MerQube write that they teamed up to develop the MerQube FreightWaves Supply Chain Tech Index to give participants the ability to monitor companies operating in the supply chain market and capture exposure through investment products linked to the index. The index will measure the performance of large and liquid global stocks identified by FreightWaves as best in class in delivering freight technology solutions from the following specific sectors: tech-enabled third-party logistics (3PL), logistics software, E-commerce logistics, and alternative energy/autonomous technology.
“When I founded FreightWaves five years ago, I saw that data visibility and transparency – long absent in the supply chain industry – were critical for businesses to be successful,” says Craig Fuller, Founder and CEO of FreightWaves. “The launch of the Supply Chain Tech Index is another chance for FreightWaves – working with MerQube – to build upon our commitment to getting our readers and data intelligence customers information about the companies that are fueling tremendous breakthroughs and growth in this vital global sector.”
“Combining FreightWaves’ unrivaled expertise in supply chain and logistics with MerQube’s cutting edge index calculation technology will enable investors to monitor and effectively target some of the most dynamic companies in the freight technology space,” says Roby Muntoni, Chief Commercial Officer, at MerQube. “We are thrilled to create a world class partnership that will bring innovation to a fast developing and vital sector.”
The MerQube FreightWaves Supply Chain Tech Index is rebalanced semi-annually from the universe of companies operating in supply chain technology, as identified by FreightWaves. Potential constituents are required to have a float market capitalization of at least USD500 million and average daily trading value over the last six months of at least USD3 million. The value of the indices is calculated daily. The indices include pure supply chain stocks (80 per cent of the weighted average) and non-pure supply chain stocks (20 per cent of the weighted average) for companies that have significant interests in other sectors.
