The index aims to mirror the
performance of companies that are actively engaged in the development of future mobility
solutions with a minimum market capitalization of USD 500 million.
This includes companies involved in the production of electric vehicles, autonomous
driving, shared mobility, lithium and copper production, lithium-ion batteries, hydrogen
fuel cell manufacturing and electric infrastructure businesses. Some examples of
constituents are: Tesla, Baidu, Texas Instruments, BYD, and Samsung.
The Solactive Electric Vehicles and Future Mobility Index combines market cap and equal
weighting to weigh stocks. Components are divided into four groups according to market
capitalization, with each group being assigned a composite weight depending on market
capitalization. Within each group, companies are equally weighted. In this fashion,
companies with larger market capitalizations are given more weight, while also reducing
the risk of weight concentration in the index.
Timo Pfeiffer, Head of Research at Solactive, commented: “How will cars and the
automotive industry evolve in the future is a very interesting question that will clearly
grow in importance as time goes by. As such, the Solactive Electric Vehicles and Future
Mobility Index allows investors to track the performance of those companies driving and
contributing to innovation in this space, thus providing a snapshot of how this segment is
growing over time.”
The index is composed of 64 globally listed companies, including China A-shares listed on
the Shanghai and Shenzhen Stock Exchanges. As at January 24, the most represented
countries in the index were the United States, China and Germany with a composite
weight of 76%. The index is available in three versions: Price Return, Net Total Return
and Gross Total Return. The index is published in USD.
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