Within the sector, Solactive selects companies engaged in themes such as cyber-security, IT, e-commerce, robotics and artificial intelligence to name a few.
Solactive use its Solactive GBS Developed Markets Large & Mid Cap index as its initial population for selecting its new index's constituents. The index provider says it incorporates a proprietary selection procedure to pick out the relevant companies. Said companies must also possess a minimum market capitalisation of (CAD) $1bn on each selection day.
Timo Pfeiffer, head of research at Solactive, commented: “Amazon is classified as an online retailer, but since its establishment, became a player that has set the foundation pillar for e-commerce and therefore created a whole new market for tech companies around it.
“The Solactive Global Technology Leaders Index includes, among others, those figureheads that significantly point the way ahead.”