ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Cathay Securities Investment Trust (�Cathay SITE�) has selected the ICE FactSet� Global Top 50 Brands Index for a newly launched ETF.
The ICE FactSet Global Top 50 Brands Index (ICFSTBR) is a modified, float-adjusted market capitalization-weighted equity benchmark designed to track the performance of companies that are characterized as having globally recognizable and strong consumer branding, based on the metrics set forth in the index methodology. The Cathay Global Top 50 Brands ETF (Ticker: 00916) uses ICE�s index as its benchmark and is expected to list on the Taiwan Stock Exchange on September 26, 2022.
�Cathay SITE has a dynamic portfolio of thematic funds, and we�re pleased to have them list a new ETF benchmarked to an ICE index,� said Magnus Cattan, Head of ICE Fixed Income and Data Services in APAC. �This is the first ETF in Taiwan that focuses on quantifying the brand value of well-known global companies by using intangible economic value in selecting constituents, resulting in a transparent, rules-based and innovative approach.�
Cathay SITE is the largest asset management company in Taiwan, with assets totaling $36.71 billion. Since 2015, Cathay SITE has expanded its product line with a broad range of ETFs, including innovative products such as the Cathay Global Autonomous and Electric Vehicles ETF which won The Asset�s most innovative ETF award in 2022.
This new listing is the 43rd ETF to list in Taiwan that is benchmarked to an ICE index, representing a total of assets under management of approximately $15.7B.
�We are focused on extending our footprint in Asia Pacific and offering our customers the most innovative and competitive financial products in the market,� said Andy Chang, CEO at Cathay SITE. �By evaluating the intangible economic value of well-known brands, the ICE FactSet Global Top 50 Brands Index enables us to create unique new funds for our customers to allow them to invest in industries that match their investment profile and strategies.�
ICE�s global family of indices serves as the performance benchmark for more than $1.5 trillion in assets managed by investors around the globe. For more information about ICE�s Indices, please visit: https://www.theice.com/market-data/indices.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. FactSet� is a trademark of FactSet Research Systems, Inc. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading �Key Information Documents (KIDS).�
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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