Solactive Launches New Social Media Index - Used By Vontobel For Certificates In Germany And Switzerland

Solactive AG has launched the Solactive Social Media Titans Performance Index, which will be the underlying for Certificates by Vontobel available in Germany in EUR and in Switzerland in CHF, EUR and USD.

This newly launched Index is the fourth one developed and calculated by Solactive around the theme of Social Media. All indices are based on the same starting universe of companies driving most of their revenues from social media (social networking, file sharing or other web-based media applications.)

To be included in the Solactive Social Media Titans Performance Index, stocks must pass two liquidity screens: a market capitalization of more than EUR 750 million and a 3 months average daily traded value of more than EUR 1 million. The Index is then composed of the 10 largest stocks by market capitalization. All components are equal weighted, so each stock has a weight of 10%.

Steffen Scheuble, CEO, Solactive, said: “We leveraged our knowhow in the Social Media space to build this new Index for Vontobel. This latest addition to our offering has the specificity of being a highly concentrated index, based on the 10 biggest stocks, and thus possibly the most promising ones.”

Heiko Geiger, Head of Public Distribution Germany & Austria, Vontobel, said: “The Index is a transparent and strongly rule-based underlying that provides a cost-efficient market access to the world’s biggest and most established Social Media companies. One transaction allows access to a bundle of Social Media titans without single stock cluster Risk.”

Components of the Solactive Social Media Titan Performance Index (as of 1^st October):

Performance of the Solactive Social Media Titans Performance Index (back-tested):

The Solactive Social Media Titans Performance Index is a Total Return Index calculated and published in EUR. The Index was launched on 29th September with an initial value of 100 and will be rebalanced on a semi-annually basis.

The Index has a fast entry IPO rule, which states that in case a company has an IPO between the ordinary adjustment days and fulfill all the criteria defined in the guideline, the Index Committee can decide whether the stock should be included in the Index as an extraordinary adjustment.

For more information, please visit the Solactive Social Media Titans Performance Webpage.