Acknowledging one of the most important trends within the consumer space, Solactive has launched a Sharing Economy Index that tracks the performance of such new tech-led giants as Airbnb, Uber and Lyft.
The Solactive Sharing Economy Index provides exposure to companies active in-car sharing, hospitality, private rentals, peer-to-peer lending, and co-working. Its construction leverages on Solactive’s in-house research to break down and analyse the dynamics of this thriving economy.
The index universe of the Solactive Sharing Economy Index consists of the 31 stocks that are active in the sharing economy. Some other current index components are Alphabet, Softbank Group Corp., Daimler and Grubhub. The index constituents are equally weighted.
Solactive makes the point that the umbrella term sharing economy nowadays reflects various economic activities such as peer-to-peer sharing of goods and services. It has bene on the rise for some time and some prediction suggest that the usage of sharing economy services by US online users will grow from 26% to 38% within the next three years.
Timo Pfeiffer, head of research at Solactive, said: “The sharing economy is reflecting a current shift in our societal behavior. Nowadays, we prefer to share resources for a broader cause and more efficiency. Solactive continues to innovate in order to provide investors with a common framework to get exposure to listed and non-floating companies active in this trend.”