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INDUSTRY INDICES

iSTOXX Global Fintech 30

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Index Description

The iSTOXX Global Fintech 30 Index is comprised of 30 companies associated with financial technology (fintech). These businesses use technology to change how financial services are offered to end customers, and/or to boost the competitive edge of traditional financial services providers by improving efficiencies and driving new products and solutions. As the evolution of fintech progresses, and its support from governments and regulators increases, these companies are well-positioned to benefit from the long-term trend towards fintech, which may have a substantial impact on their revenues in the future.

Key facts

  • Index allows targeted investment in fintech, a significant megatrend.
  • Its universe leverages detailed Revere data, helping it to select companies with a revenue exposure above 50% to fintech-related sectors.
  • Liquidity filter ensures replicability.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX Global Fintech 30 1,380.6 1,331.9 44.4 28.5 141.1 8.0 10.6 0.6 20.5
STOXX Global Fintech N/A 9.0 0.1 0.0 0.8 0.0 8.5 0.0 14.8

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX Global Fintech 30 -3.9 4.6 -2.6 0.8 44.8 N/A N/A -2.6 0.3 7.8
STOXX Global Fintech -4.4 3.3 -5.0 -5.2 32.5 N/A N/A -5.0 -1.8 5.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Global Fintech 30 N/A N/A 17.9 21.5 25.1 N/A N/A -0.3 -0.1 0.3
STOXX Global Fintech N/A N/A 17.8 20.8 24.0 N/A N/A -0.5 -0.2 0.3
Index to benchmark Correlation Tracking error (%)
iSTOXX Global Fintech 30 1.0 1.0 1.0 1.0 1.0 2.2 2.1 2.1 2.3 2.3
Index to benchmark Beta Annualized information ratio
iSTOXX Global Fintech 30 1.0 1.0 1.0 1.0 1.0 2.9 0.8 1.2 1.0 0.9

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Net Return), all data as of October 31, 2023

INDUSTRY INDICES

iSTOXX Global Fintech 30

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
iSTOXX Global Fintech 30 111.3 22.4 30.9 22.4 4.7 0.8 5.9 23.6
STOXX Global Fintech 93.8 20.2 24.6 19.0 3.4 0.8 3.4 23.5

Performance and annual returns

Methodology

The parent index of the iSTOXX Global Fintech 30 Index is the STOXX Global Fintech Index.

Companies of the parent index are screened for liquidity, only selecting those with a 3-month average daily trading value (ADTV) greater than EUR 5 million. Then, the largest 30 of the remaining companies, in terms of free-float market cap, are selected.

The index is free-float market cap weighted with a 10% cap and its composition is reviewed quarterly.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return USD CH0462359818 STXFT3V STXFT3V INDEX .STXFT3V
Price USD CH0462359859 STXFT3L STXFT3L INDEX .STXFT3L
Gross Return EUR CH0462359826 STXFT3GR .STXFT3GR
Gross Return USD CH0462359834 STXFT3GV .STXFT3GV
Price EUR CH0462359842 STXFT3P .STXFT3P
Net Return EUR CH0462359800 STXFT3R .STXFT3R

Quick Facts

Weighting free-float market capitalization
Cap Factor 0.1
No. of components 30
Review frequency Quarterly
Calculation/distribution realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 100 as of Jun. 21, 2013
History Available since Jun. 21, 2013
Inception date Nov. 11, 2020
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
VISA Inc. Cl A Industrial Goods and Services USA 10.597%
MasterCard Inc. Cl A Industrial Goods and Services USA 10.111%
Intuit Inc. Technology USA 9.846%
S&P GLOBAL Financial Services USA 7.895%
CME Group Inc. Cl A Financial Services USA 5.454%
Fiserv Inc. Industrial Goods and Services USA 4.926%
INTERCONTINENTALEXCHANGE INC Financial Services USA 4.273%
PayPal Holdings Industrial Goods and Services USA 4.040%
SHOPIFY A NYS Technology USA 4.033%
Moody's Corp. Financial Services USA 3.475%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2023

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.