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STOXX Silver Mining chosen as the underlying index by Themes ETFs

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STOXX reports that it has licensed the STOXX Global Silver Mining index to Themes ETFs for its Nasdaq-listed Silver Miners ETF (AGMI). AGMI will track the STOXX Global Silver Mining index, which focuses on companies that are involved in silver mining activities.

“We are excited to provide this index to Themes ETFs, given that silver mining, which spans industries, is a critical area of interest for the global investor community. Our index sheds light on the dynamics in the industry in a transparent and rules-based way and underscores STOXX’s strong position as a leading index provider for thematic indices,” says Axel Lomholt, General Manager at STOXX.

“Growth in demand for silver as an industrial input, particularly for solar panel production which rose 64 per cent to 232 million ounces in 2023 alone, has placed silver miners in focus.  AGMI offers investors an opportunity to invest in silver miners. We have made it our mission to provide investors with relatively more cost-efficient access to potential market opportunities via our ETFs,” says Taylor Krystkowiak, Vice President and Investment Strategist at Themes ETFs.

The STOXX Global Silver Mining Index is comprised of companies with significant exposure to the silver mining industry through direct revenue; it draws index members from the STOXX World AC All Cap Index. Revere (RBICS) Focus and Revenue datasets provide a detailed breakdown of the revenue sources of the companies, helping to select eligible index members.

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