STOXX has rolled out a rare earth index to underlie exchange-traded funds and other investable products, Mondovisione reports. The STOXX Global Rare Earth Index is designed to underlie ETFs and assess the performance of global equity portfolios.
The new index currently comprises 14 components and companies that generate at least 30% of their revenues in the rare earth sector worldwide. It will also capitalize on the growing importance of metals used in high-tech products, such as mobile phones, adds Index Universe.
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