Internet Content Index ICAX goes public
After 7 years of accounting AKYA published the first financial instrument adjusting an exchange traded fund of the Internet Content Index ICAX on the Stuttgart Stock Exchange in early 2013.
- (1888PressRelease) February 04, 2013 - Since 2006 AKYA Arts & Services Ltd. is accounting the Internet Content Index (ICAX), which reflects the performance of one of the fastest growing industries in the world: the Internet Content Economy.
It is based on the shares of currently 37 worldwide listed companies that generate their core business over the Internet and have a market capitalization of at least EUR 100 million or an foreign currency equivalent. For the ICAX is not a conventional index by Laspeyres or Paasche but based on percentage growth notations on different boards in different currencies are equalized and can be easily compared.
Including, of course, are heavyweights such as Amazon, Google and Facebook, as well as Values from China, which certainly were previously familiar only to insiders, but also can show amazing results. Who thought the "new economy" has died with the dot-com bubble, may be better informed today: those who survived share, today the pie among themselves.So it is not surprising that the ICAX has grown in 5 years over 60% (as of mid-January 2013).
In order to give potential investors the opportunity to participate directly in the Internet Content Economy, AKYA has now launched in cooperation with Wikifolio the ICAX ETF Index Certificate and taken it public. The certificate adjusts an Exchange Traded Fund (ETF) that contains the values listed in ICAX. It is traded at the Stuttgart Stock Exchange under the name "Lang & Schwarz AG O.End 13 (13/unl.) WF0ETFICAX (WKN: LS9AJV / ISIN: DE000LS9AJV2)" and can be purchased through every broker and every bank. Further information about the ICAX can be found at the website http://www.icax.de.
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