Solactive is pleased to announce its first collaboration with Rakuten Investment Management, Inc. with the launch of Rakuten US Technology Concentrated Equity Index Fund, tracking the Solactive US Mega Technology Focus 12 Index (Solactive・米国超大型テクノロジー株式12指数). The fund provides focused exposure to 12 of the largest U.S. technology leaders by total market capitalization. Mega-cap technology businesses have become an increasingly prominent part of the U.S. equity market, driven by developments across areas such as semiconductors, software, digital infrastructure, communications, and other innovative industries.
The Solactive US Mega Technology Focus 12 Index tracks the performance of 12 large U.S. technology-related companies selected from the Solactive United States Technology 100 Index. Eligible securities are screened based on specified industry classifications and ranked by total market capitalization, with the 12 highest-ranked securities selected for inclusion. At each selection, the seven highest-ranked constituents are assigned weights of 12% each, while the remaining five are assigned weights of 3.2% each. The index is rebalanced quarterly and also features a Mega IPO review mechanism, allowing eligible newly listed companies to be considered for inclusion between regular reviews.
The Rakuten US Technology Concentrated Equity Index Fund will be launched on the 25th of September in Japan.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are delighted to start our collaboration with Rakuten Investment Management and support the launch of this new fund. Some of the world’s most influential businesses have emerged from the U.S. technology landscape, and their growing scale continues to shape global equity markets. We are pleased to bring our index expertise to this collaboration and look forward to developing our relationship with Rakuten Investment Management.”
Rakuten Investment Management commented: “We are pleased to announce that with superb support and innovative technology of Solactive, we will launch Rakuten US Technology Concentrated Equity Index Fund. The fund will catch up with the performance of leading US technology stocks in relatively concentrated manner with more effective diversification and flexibility than conventional method. Through this feature, we expect the fund to help the investors building asset effectively through investment in leading US technology stocks.”
