CTBC Investments Opts for ICE FactSet Financials and Data Industry Index for New ETF

Published on: 26 August 2022
by KnowESG
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Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, announced that CTBC Investments Co., Ltd. chose the ICE FactSet® Selected Financials and Data Industry Index for its new CTBC Selected Financials and Data Industry ETF.

The ICE FactSet Selected Financials and Data Industry Index (ICFSFDI) is a rules-based, modified float-adjusted market capitalization-weighted equity benchmark created to monitor the performance of top exchanges, asset managers, banks, and broker-dealers, as well as financial data and analytics firms that offer goods and services to the global financial system.

Today, the CTBC Selected Financials and Data Industry ETF, which will use the ICE index as a benchmark, is expected to launch on the Taiwan Stock Exchange.

Magnus Cattan, Head of ICE Fixed Income and Data Services in APAC, said:

"We’re pleased that a leading asset manager like CTBC Investments will launch a new ETF benchmarked to an ICE index, offering exposure to the global capital markets and financial data industries. The companies contained in the index are at the forefront of the merging of finance and technology, which results in innovative new products and services for their clients. Our growing suite of thematic indices provide access to regional and global megatrends that are shaping the world we live in while offering diversifying sources of return for investors’ portfolios.”

CTBC Investments is Taiwan's third-largest asset management company in terms of bond ETF assets under management. It is the second CTBC ETF released this year that is benchmarked to an ICE index and is part of a larger agreement announced in November 2020 by the two companies to produce ESG indices and financial products for Taiwanese market participants.

Eric Chang, President of CTBC Investments, said: 

"We all know that the market is becoming harder to invest in, but the financial sector will remain a critical role in the economy. which is why the CTBC Selected Financials and Data Industry ETF seeks to provide investors in Taiwan a way to invest in world-leading financial services, such as asset management companies, banks, stock exchanges, etc.”

ICE's global index family serves as the performance benchmark for over $1.5 trillion in assets managed by investors worldwide.

Learn more about ICE's indices

Source: ICE

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