Frankfurt (24 June 2021) – MV Index Solutions (MVIS®) today announced the launch of the BlueStar Asia-Pacific Commodities Index (ticker: BACOM), the BlueStar China Mainland Consumer 50 Index (ticker: BCCON) and the BlueStar Asia Travel and Vacation Index (ticker: BATOR).
The BlueStar Asia-Pacific Commodities Index (ticker: BACOM) tracks the performance of the commodity miners and commodity and agriculture producers incorporated in Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Vietnam, Taiwan, Thailand and Vietnam. The index includes companies that have at least 50% of revenue from metal and minerals mining, oil and gas exploration and production, commodity chemical manufacturing, crop production, or aquaculture and animal production. In addition, the index includes companies that have at least 50% of revenue from: lithium compound manufacturing, agrochemical products (including fertilizer manufacturers but excluding seed manufacturers), or mineral products.
The BlueStar China Mainland Consumer 50 Index (ticker: BCCON) provides exposure to an index of China listed ‘Consumer’ companies, the companies must derive 50% of revenue from within China and Hong Kong and the primary source of revenue is in the consumer discretionary or consumer staples sectors.
The BlueStar Asia Travel and Vacation Index (ticker: BATOR) tracks the performance of "Travel and Vacation” companies incorporated or headquartered in China, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, the Philippines, Singapore, Thailand, Taiwan or Vietnam. A company must derive 50% or more of annual revenue/allocate 50% of operating activities from various activities related to the travel and vacation industries including, but not limited to: Hotels, Airlines, Cruises, Online Travel Reservation Services, Performing Arts Centers, Amusement/Theme parks. The components of the BlueStar Asia Travel and Vacation Index must be listed in their respective local market or in the USA and London IOB as depository receipts. Securities listed in India are not eligible for inclusion in the index.
“We are pleased to announce three new thematic indices covering the Asian equity markets. The launch of these indices builds on our offering in this asset class which until today included the BlueStar China Internet Software and BlueStar Asia Technology Indices. Each index provides investors unique exposure to both timely and long-term trends in Asian markets including the rising purchasing power of the middle class and overall economic growth in the Chinese and Asian markets,” said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
The BlueStar Asia-Pacific Commodities Index (ticker: BACOM), the BlueStar China Mainland Consumer 50 Index (ticker: BCCON) and the BlueStar Asia Travel and Vacation Index (ticker: BATOR) are weighted by free-float market capitalisation and are reviewed on a semi-annual basis. The indices are calculated in USD as a price index and a total return net index and are the first MVIS indices to cover local Chinese listings. Detailed information about each index is available on MV Index Solutions website.