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- Solactive AG has launched the Solactive Home Automation Index, designed to track the price movements of stocks representative of the global home automation market. The Index has been licensed to be used as underlying for a BNP Paribas Open End Certificate listed in Frankfurt (EUR) and in Zurich (CHF and USD.)
Home Automation is a broad definition that encompasses all connected objects in a smart home and now represents roughly 25% of the growing Internet of Things space. What was considered as pure science fiction a few decades ago is on the verge of becoming a booming, leading market in the tech industry, as early adopters are being followed by a potentially huge mass market – latest example is the massive Apple homekit platform expected to be one of the main feature of the iOS 9. A recent Report from Business Insider Intelligence estimated the connected-home device sales to drive USD 60 billion revenues this year and to reach USD 490 billion by 2020.
Steffen Scheuble, CEO, Solactive, said: “We are enthusiastic at the idea of launching another innovative index in the tech space following the Solactive Wearable Tech and FinTech Indices earlier this year. The Solactive Home Automation Index is an interesting, geographically diversified tool replicating both major blue chips and pure players in a promising industry, which are all equal weighted.”
Kemal Bagci, Exchange Traded Solutions Germany, BNP Paribas, said: “Home Automation allows millions of households access to one’s home devices simply by pressing a button. Monitoring and communication with lights and heating systems as well as various domestic appliances will impact significantly households’ energy efficiency and the users’ overall quality of life.”
Florian Stasch, Exchange Traded Solutions Switzerland, BNP Paribas, added: “The Open End Certificate on the Solactive Home Automation TR index offers investors both in Switzerland and in Germany an easy access to the major companies in this field.”
The Solactive Home Automation Index is composed of stocks with a market capitalisation of USD 250 million or more, a three months average daily value traded of USD 2 million or more and significant business operations in the home automation industry. The top stocks by market capitalisation are selected as components of the Index and are equal weighted, with a cap at 30 stocks.
According to the Index Guideline, a home automation or connected home system encompasses one or more computers coordinating devices that monitor or control home functions through an intelligent network.
Published in USD, the Solactive Home Automation Index is total return. Based on 100 at the starting date of 28th April 2015, the Index is rebalanced once a year.
For more information, please visit the Solactive Home Automation Index webpage.
