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THEME INDICES

STOXX Global Fintech

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Index Description

The STOXX® Global Fintech Index is comprised of 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. Revere (RBICS) data allow a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial fintech exposure.

Key facts

  • Index allows targeted investment in fintech, a significant megatrend.
  • Detailed Revere data helps 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
STOXX Global Fintech N/A 10.5 0.1 0.0 0.8 0.0 7.9 0.0 6.2
STOXX Developed and Emerging Markets Total Market 93,396.3 80,076.9 6.7 0.6 3,163.8 0.0 4.0 0.0 2.6

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
STOXX Global Fintech 3.1 15.4 36.4 0.9 47.9 N/A N/A 36.9 0.3 8.2
STOXX Developed and Emerging Markets Total Market 0.5 17.4 29.6 25.4 75.7 N/A N/A 30.0 7.9 12.1
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Fintech N/A N/A 13.3 19.9 23.4 N/A N/A 2.2 -0.1 0.3
STOXX Developed and Emerging Markets Total Market N/A N/A 10.7 13.6 16.8 N/A N/A 2.3 0.4 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Global Fintech 0.9 0.9 0.9 0.9 0.9 5.5 7.1 7.0 9.7 10.4
Index to benchmark Beta Annualized information ratio
STOXX Global Fintech 1.2 1.0 1.0 1.3 1.3 5.3 -0.3 0.8 -0.7 -0.3

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

2Based on EURIBOR1M

(EUR, Gross Return), all data as of October 31, 2024

THEME INDICES

STOXX Global Fintech

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
STOXX Global Fintech 43.7 25.5 31.7 31.7 4.9 1.4 4.8 21.6
STOXX Developed and Emerging Markets Total Market -0.7 20.0 20.1 20.1 3.0 2.5 1.8 17.7

Performance and annual returns

Methodology

The parent index of the STOXX Global Fintech Index is the STOXX® Developed and Emerging Markets Total Market Index. The index applies two screens. In a first step, only stocks with a 3-month median daily trading volume (MDTV) greater than EUR 1,000,000 are included. In a second step, only companies with revenue exposure of more than 50% to a number of sectors associated with fintech are included. The index is weighted proportionally to the free-float market cap of the selected stocks multiplied by their aggregate revenue exposure to fintech. Weights are capped according to the following constraints: the sum of all weights above 4.5% should not exceed 35%, and no single weight should exceed 8%.

The index composition is reviewed annually. Index weighting cap factors are recalculated quarterly.


The detailed methodology including the calculation formula and the list of sectors can be found in our rulebooks: www.stoxx.com/rulebooks

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH0429672386 STXFTR .STXFTR
Price EUR CH0429672360 STXFTP STXFTP INDEX .STXFTP
Gross Return EUR CH0429672410 STXFTGR STXFTGR INDEX .STXFTGR
Price JPY CH0429672436 STXFTJP STXFTJP INDEX .STXFTJP
Gross Return JPY CH0429672378 STXFTJGR STXFTJGR INDEX .STXFTJGR
Net Return JPY CH0429672394 STXFTJR STXFTJR INDEX .STXFTJR
Net Return USD CH0429672352 STXFTV STXFTV INDEX .STXFTV
Gross Return USD CH0429672428 STXFTGV .STXFTGV
Price USD CH0429672402 STXFTL .STXFTL

Quick Facts

Weighting Weights are determined proportionally to market cap times the total revenue exposure to relevant RBICS sectors
Cap Factor Sum of weights above 4.5% not to exceed 35%. No single weight to exceed 8%
No. of components Variable
Review frequency Components are reviewed annually, weighting factors are recalculated quarterly
Calculation/distribution dayend
Calculation hours 22:00:00 22:00:00
Base value/base date 100 as of Jun. 18, 2012
History Available daily as of Jun 18, 2012
Inception date Aug. 22, 2018
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 7.894%
MasterCard Inc. Cl A Industrial Goods and Services USA 7.890%
S&P GLOBAL Financial Services USA 5.038%
Fiserv Inc. Industrial Goods and Services USA 4.719%
Intuit Inc. Technology USA 4.449%
CME Group Inc. Cl A Financial Services USA 3.783%
PayPal Holdings Industrial Goods and Services USA 3.779%
Moody's Corp. Financial Services USA 3.325%
SHOPIFY A NYS Technology USA 3.265%
LONDON STOCK EXCHANGE Financial Services UK 2.874%

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

4Based on the composition as of October 31, 2024

THEME INDICES

STOXX Global Fintech

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.