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ISE ETF Ventures today announced the launch of the ISE Mobile Payments™ Index (index ticker: IPY) and the ISE Big Data™ Index (index ticker:BGD). These indexes are licensed to PureFunds® for the creation of two exchange-traded funds (ETFs), which begin trading today on NYSE Arca.
“We are proud to expand our successful partnership with PureFunds and make these emerging technology sectors more accessible for investors,” said Kris Monaco, Head of ISE ETF Ventures. “Companies at the forefront of electronic and mobile payments and big data are leaders in technological innovation and disruption, and these two indexes will offer an insightful view into how these growing sectors continue to develop.”
The ISE Mobile Payments Index tracks companies at the forefront of the mobile, electronic, and digital payments industry. Global Payments, Inc. (ticker: GPN), Heartland Payment Systems, Inc. (ticker: HPY), MasterCard Incorporated (ticker: MA), PayPal (ticker: PYPL), and VeriFone Systems, Inc. (ticker: PAY) are some of its components. The ISE Big Data Index follows companies that provide products and services that facilitate the creation, management, and analysis of oversized data sets. Tableau Software, Inc. (ticker: DATA), Hortonworks, Inc. (ticker: HDP), International Business Machines (ticker: IBM), and NICE Systems Ltd. (ticker: NICE) are four of its holdings.
IPY and BGD are based on methodology developed by the International Securities Exchange.
ISE ETF Ventures’ family of indexes offers investors exposure to growing industries by taking advantage of both event-driven news and long-term economic trends. It also licenses the ISE Cyber Security™ Index (index ticker: HXR) and the ISE Junior Silver (Small Cap Miners/Explorers)™ Index (index ticker: ZIR) to PureFunds for ETFs that capture the cyber security and information technology space, and public, small-cap companies that are active in silver mining, respectively.
Visit http:/www.etf-ventures/index-development/ to learn more ISE ETF Ventures and its indexes.
