Tag: Rahul Sen Sharma

Business

Indxx Licenses Artificial Intelligence & Big Data Index to Global X Japan for an ETF

Jul 25, 2024 by Mansi Praharaj 0 Comments #‘Best Index Provider - Emerging Markets ETFs’, #14th Annual Global ETF Awards, #AI-related hardware, #Artificial intelligence, #Artificial Intelligence (“AI”) technology, #Artificial Intelligence Developers, #Artificial Intelligence Hardware, #Artificial Intelligence-as-a Service (“AIaaS”), #Big Data Index, #CAGR growth rate, #calculation solutions, #Chief Product Officer, #custom indexing and calculation solution, #Data market, #e Global X Artificial Intelligence & Technology ETF (Ticker: 223A), #ETF, #ETF Express US Awards, #global AI & Big Data leaders, #Global X Japan, #Index, #indexing solutions for exchange traded funds (ETFs), #Indxx, #Indxx Artificial Intelligence, #Indxx Artificial Intelligence & Big Data Index to Global X Japan, #Intelligence Mutual Fund & ETF Awards 2022 & 2023, #Most Innovative ETF Index Provider Americas, #President and Co-CEO, #Quantum Computing, #Rahul Sen Sharma, #Tokyo Stock Exchange, #Vaibhav Agarwal

July 25, 2024 – Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Artificial Intelligence & Big Data Index to Global X Japan. The Index serves as the underlying benchmark for the Global X Artificial Intelligence & Technology ETF (Ticker: 223A), which started trading on the Tokyo Stock Exchange today.

The Indxx Artificial Intelligence & Big Data Index is designed to track the performance of companies that are positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services, as well as companies that produce hardware used in AI applied for Big Data analysis.

Rahul Sen Sharma, President and Co-CEO at Indxx said, “The advancements in Artificial Intelligence and Big Data have ushered in a new era of innovation and economic growth. The global AI market was valued at $196.63 billion in 2023 and is projected to reach $1,811.75 billion by 2030.1 On the other hand, the Big Data market is anticipated to reach $401.20 billion by 2028, with an estimated CAGR growth rate of 12.7% from 2023 to 2028.2 This rapid expansion is a testament to the immense potential within the AI & Big Data sectors. This marks the sixth product tracking the Index, with other funds having over $2 billion in assets tracking them cumulatively. The success of these funds reflects increasing investor confidence in these transformative technologies. We are excited to partner with Global X Japan to bring this innovative investment strategy to the Japanese market.”

Vaibhav Agarwal, Chief Product Officer at Indxx, added, “The Indxx Artificial Intelligence & Big Data Index employs a research-focused methodology to provide access to leading companies engaged in the development of AI & Big Data, along with the companies offering AI-related hardware, encompassing Artificial Intelligence Developers, Artificial Intelligence-as-a Service (“AIaaS”), Artificial Intelligence Hardware, and Quantum Computing. By partnering with Global X Japan, we are thrilled to allow a new cohort of investors to increase their exposure to global AI & Big Data leaders.”

As of July 25, 2024, the index has 84 constituents. The index has been backtested to January 31, 2014, and has a live calculation date of May 2, 2018. For additional information, please see here.

1. Grand View Research 2. MarketsandMarkets

About Indxx

Founded in 2005, Indxx aims to deliver innovative and custom indexing and calculation solutions to the investment management community at large.

Indxx and products tracking its indices have been nominated for and received numerous awards, including ‘Index Provider of the Year’ at the With Intelligence Mutual Fund & ETF Awards 2022 & 2023, ‘Best Index Provider – Emerging Markets ETFs’ at the ETF Express US Awards in October 2020, and ‘Most Innovative ETF Index Provider Americas’ at the 14th Annual Global ETF Awards in July 2018.

Business

Indxx Licenses Global Financial Index to Meitav Tachlit Mutual Funds

Jun 27, 2024 by Sujata Muguda 0 Comments #a provider of indexing solutions for exchange traded funds, #Global Financial Index, #Indxx, #Indxx Global Financial Exchanges, #Meitav Tachlit Mutual Funds, #Rahul Sen Sharma, #Vaibhav Agarwal

June 27, 2024 – Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Global Financial Exchanges and Data Index to Meitav Tachlit Mutual Funds Ltd. The Index serves as the underlying benchmark for the Tachlit TTF Indxx Financial Exchanges and Data (Ticker: 5138797), which began trading yesterday on the Tel Aviv Stock Exchange.

The Indxx Global Financial Exchanges and Data Index is designed to track the performance of financial services companies involved in the business of providing financial data and operating regulated exchanges for financial market participants.

Rahul Sen Sharma, President and Co-CEO at Indxx said, “Global exchanges and financial data providers are indispensable to modern financial markets, offering essential services that support decision-making, transparency, risk management, regulatory compliance, and global trading. In 2023, global spending on financial market data surged to $42 billion, marking a 12.4% increase from 2022.1 These figures highlight the growing need for accurate and timely financial data among individuals and institutions. Our Indxx Global Financial Exchanges and Data Index provides access to leading companies offering these critical services. We are excited to partner with Meitav Tachlit to introduce this promising investment strategy to the Israeli market.”

Vaibhav Agarwal, Chief Product Officer at Indxx, added, “The Indxx Global Financial Exchanges and Data Index employs a research-based approach methodology to identify the frontrunners in the global financial exchanges and data market. Companies must derive more than 50% of their revenue from the sub-themes: Exchanges and Financial Data Provider to be included. This results in a focused exposure to this rapidly growing market.”

Business

Indxx Licenses U.S. Infrastructure Development Index to Global X ETFs Australia for an ETF

Jun 5, 2024 by Sujata Muguda 0 Comments #ETF, #Evan Metcalf, #Global X ETFs Australia, #Indxx, #Indxx Licenses, #Indxx U.S. Infrastructure Development Index to Global X ETFs Australia, #Infrastructure Development Index, #Rahul Sen Sharma, #Vaibhav Agarwal

June 05, 2024 – Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx U.S. Infrastructure Development Index to Global X ETFs Australia. The Index serves as the underlying benchmark for the Global X US Infrastructure Development ETF (Ticker: PAVE), which began trading today on the Australian Securities Exchange (ASX). The Indxx U.S. Infrastructure Development Index is designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites, and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials.

A New Era for U.S. Infrastructure

• The American Society of Civil Engineers (ASCE) gave America’s infrastructure a grade of C- in their 2021 Infrastructure Report Card. This is the first time in 20 years that America has been ranked out of the D range.1
• The Congress has passed several bills, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Act that will cumulatively invest over $1.2 trillion in modernizing infrastructure in the United States between 2021 and 2030. 2

Rahul Sen Sharma, President and Co-CEO at Indxx said, “Infrastructure is the backbone of a nation’s economy, facilitating trade, enhancing communication, creating job opportunities, and powering businesses. Between 2021 and 2023, the government has invested over $120 billion in U.S infrastructure.2 As of May 2024, private companies have announced $866 billion in manufacturing investments. 3 The increasing public and private investments in infrastructure provide a promising outlook for this industry. The success of the Global X U.S. Infrastructure Development ETF (NYSE: PAVE) listed in the United States which tracks our Indxx US Infrastructure Development Index, is a testament to this potential. With over $7.5 billion in assets, the US-listed PAVE’s success highlights investor confidence in the promising future of infrastructure investments. We are excited to partner with Global X ETFs Australia to help Australian investors capitalize on the U.S. infrastructure growth opportunity.”

Vaibhav Agarwal, Chief Product Officer at Indxx added, “The Indxx U.S. Infrastructure Development Index employs a research-focused methodology to provide access to leading companies across the entire U.S. infrastructure value chain, encompassing Construction & Engineering Services, Raw Materials and Composites, Products and Equipment, and Industrial Transportation. To be eligible for inclusion, companies must generate more than 50% of their revenue within the United States, ensuring a targeted and accurate representation of the U.S. infrastructure industry. We are excited to introduce this innovative strategy to the Australian market through Global X ETFs Australia.”

Evan Metcalf, CEO at Global X ETFs in Australia said, “PAVE is a strategic addition to the company’s product suite which not only fills a gap in the market, but client portfolios. Infrastructure development is critical for the growth and modernisation of any economy. Within the U.S., recent legislative acts are directing substantial funding towards infrastructure, signalling enormous growth potential for companies in this sector. This investment opportunity aligns strongly with our core investment thesis of research and innovation. Building on our successful track record of pioneering thematic products in Australia – including our recent launch of GXAI which also tracks an index administered by Indxx – we are excited to introduce this unique infrastructure development ETF to Australian investors.”