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Solactive Index To Capture Cuba’s Opening Up - Underlying For Leonteq Certificate Designed For Swiss And German Market

Date 06/07/2015

Solactive AG has launched the Solactive Cuba Focused Caribbean Index, designed to follow North and South American companies likely to gain from the recent opening up of Cuba to the US. The Index has been licensed to Leonteq for tracker certificates listed both in Zurich (in CHF, USD and EUR) and Frankfurt (in EUR).

The US and Cuba announced the normalization of bilateral relations on 17th December 2014, thus ending over 50 years of hostility. This significant improvement in diplomatic relations is expected to generate a lot of potential business opportunities, in particular for companies investing in Cuba, most of which are already driving revenues from the Caribbean. A new American travel and trade regulation was enacted, foreign direct investments are increasing and companies are looking into new opportunities in the Cuban market.

Steffen Scheuble, CEO, Solactive, said: “With our Solactive Cuba-Focused Caribbean Index, we have developed a concept, which is based on an exciting political and historical event. Thus, through our Index, investors are able to benefit from the renewal of diplomatic ties after more than half a century. We are delighted to work together with Leonteq on such an interesting topic.”

Simon Przibylla, Head Public Solutions, Leonteq, said: “We are happy to offer Investors a solution to participate from the recent opening of the Cuban market. The tracker certificates on the Solactive Cuba-Focused Caribbean Index perfectly complement our product range to regional exposures with great growth potential, such as Myanmar and Sub-Sahara.”

The index universe is composed of common stocks in North and South America already generating some revenues from the Caribbean. To be included in the Index, stocks need to have a market capitalization of USD 450 million or more and an average daily trading volume of USD 1 million of more. The final components of the Index are selected from the following sectors: Consumer Goods, Finance, Infrastructure, and Transportation. The Solactive Cuba Focused Caribbean Index is equal weighted.

SOLACTIVE Caribbean Index

Index components as of 30th June 2015

Published in USD, the Solactive Cuba Focused Caribbean Index Index is total return index. Based on 100 at the starting date of 30th of June 2015, the Index is rebalanced annually.

 

For more information, please visit the Solactive Cuba Focused Caribbean Index webpage.