The Korea Exchange (KRX) and FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced the launch of a series of co-branded thematic indices to provide investors with access to promising themes with long-term growth potential.
KRX and FactSet have developed the indices through close collaboration, which use FactSet’s market-leading industry classification, RBICS (Revere Business Industry Classification System), to capture companies’ key revenue drivers from their primary and ancillary business segments. The indices will be used as benchmarks for megatrends and underlyings for financial products, making them accessible investment opportunities through passive funds, such as index mutual funds or exchange traded funds (ETF).
The series currently consists of four thematic indices that enable investors to track some of today’s most exciting and innovative themes:
KRX and FactSet are working on further collaboration to identify and launch additional indices that capture new and disruptive megatrends based on feedback from leading Korean asset managers.
Jeremy Zhou, Head of Index Solutions at FactSet, said, “As KRX is the sole security exchange in Korea and the index provider of major Korean benchmarks, we are delighted to be working together to develop more innovative indices for Korean investors. Today’s announcement represents an exciting milestone for FactSet, and together with KRX, we look forward to meeting the growing demand for thematic investable products in Korea.”
Myung-Woo Park, Head of Index Business at KRX, said, “We are pleased to collaborate with FactSet to launch the thematic index series which focus on future strategic industries. KRX will continue our role as a leading index provider in Asia, by identifying themes which require strategic support for long-term growth, going beyond merely seeking gains in the short term.”
About FactSet
FactSet (NYSE: FDS | NASDAQ: FDS) delivers superior content, analytics, and flexible technology to help more than 170,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We are proud to have been recognized with multiple awards for our analytical and data-driven solutions, with the distinction of having been recently added to the S&P 500 and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset.
About the Korea Exchange (KRX)
The Korea Exchange (KRX) is a leading and reliable financial platform in Asia, which operates a wide range of markets including equity, fixed income, commodity, and derivatives markets as well as providing post-trade services such as clearing and trade repository. The KRX, the sole exchange of Korea, was established via the business combination between the KSE (Korea Stock Exchange), KOSDAQ and KOFEX (Korea Futures Exchange) on January 27, 2005.
Furthermore, the KRX has over 50 years of indexing experience and a strong track record with iconic financial market indicators such as the KOSPI and KOSPI 200 index. The KRX calculates more than a thousand of indices that measure and benchmark diverse asset classes and markets, and cooperates with global leading index providers to develop new indices. Learn more at www.krx.co.kr.
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