Stoxx Limited has rolled out the Stoxx Global 3D Printing Pure Play Index, a new index tracking "pure play" companies that are heavily involved in the 3D printing sector.
The new index expands the Stoxx Global 3D Printing Tradable Index series launched in April, a benchmark gauging the 3D printing sector specifically designed to underlie structured products, exchange-traded funds (ETFs) and other investable products.
"The new index focuses solely on pure play or highly involved companies in the 3D printing business, making it truly representative of this expanding market," said Hartmut Graf (pictured), chief executive officer of Stoxx Limited.
The index universe for the Stoxx Global 3D Printing Pure Play Index is defined as all stocks in the Stoxx Global Total Market Index, which currently covers 65 countries and over 7,000 securities.
To be included in the Stoxx Global 3D Printing Pure Play Index, companies are required to generate more than 10% of their revenues from the 3D printing sector, have a minimum three-month average daily trading volume of €25,000 and a minimum free-float market capitalisation of €10m.
The Stoxx Global 3D Printing Pure Play Index is weighted by free-float market capitalisation and component weighting is capped at 20%. The index is available in price, net and gross return versions and is calculated in euros and US dollars. The index is reviewed annually in September and is rebalanced quarterly.