Solactive

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Solactive

logo
legal form AG
founding 2007
Seat Frankfurt am Main , Germany
GermanyGermany 
management Steffen Scheuble ( CEO )
Number of employees 210+ (2019)
sales 19.2 million euros (2017)
Branch Stock index providers
Website www.solactive.com

Solactive is a German provider of financial stock market indices based in Frankfurt am Main . The company develops, calculates and markets cost-effective indices for various asset classes, such as: B. Stock , bond and commodity indices . In addition, Solactive also deals with the development and branding of complex strategies that are not based on traditional underlyings such as stocks and bonds , but on instruments such as mutual funds , life insurance products or currency baskets .

While there were 25 exchange-traded funds (ETFs) in 2010 that were linked to indices calculated by Solactive, this number had grown to around 450 ETFs by October 2019. As of October 2019, Solactive is calculating over 11,000 indices that are used not only for ETFs, but also as base values ​​for structured products or as benchmarks for active funds.

In addition to its headquarters in Frankfurt am Main, Solactive has other German branches in Berlin and Dresden. The first overseas office opened in Toronto , Canada in 2017 , followed by an office in Hong Kong in 2018. The opening of both overseas offices is intended to ensure service coverage of all time zones for the company's global customer base.

Solactive is led by Steffen Scheuble ( CEO ), Christian Vollmuth ( CRO ), Timo Pfeiffer (CMO) and Dirk Urmoneit (CIO) and is organized into two business areas, Research and Indexing.

Products

Solactive offers two approaches to index development. On the one hand, the company develops indices that are marketed under its own name, such as the Solactive Smart City Index or the Solactive eGaming Index . On the other hand, Solactive AG acts as a service provider for the calculation of white label indices and calculates indices which are then marketed and sold by the customer under his brand name. Examples of such indices are the BNP Paribas Global Agribusiness Total Return Index or the JP Morgan ERP Dividend Yield Long Index . Solactive's range of services includes - in addition to technical development - index calculation and management. In April 2019, Solactive received the registration as benchmark administrator with BaFin, which is necessary until 2020 for the administration of benchmarks in Europe.

In addition to customer-specific indices, Solactive also offers benchmark indices in the stocks and bonds sector , such as the Solactive US Broad Market Index . In May 2018, Solactive expanded its benchmark offering and launched its Global Benchmark Series (GBS) with a unified approach to creating global stock market indices. The index family comprises around 2,000 stock indices that cover industrialized and emerging countries based on the Solactive Country Classification Framework.

Solactive offers indices that range from traditional capitalization-weighted indices , including equity and bond benchmarks , to thematic strategies and smart beta indices. Solactive enables alternative weighting systems for its indices based on various criteria, such as B. Equal weighting, fundamental weighting, volatility characteristics and dividend weighting.

Indices are rule-based and offer investors the opportunity to participate in various markets that take certain criteria into account. Solactive's area of ​​ESG investments (Environment, Social, Government) has developed the Solactive Green Bond Index and the Solactive ISS ESG Beyond Plastic Waste Index , among others , to give investors dedicated access to companies that participate in global efforts to reduce climate change , to offer.

In addition to the traditional indexing business, Solactive also offers services for ETF issuers, including the calculation of the iNAV or IOPV and the creation of a PCF (Portfolio Composition File).

Solactive works with around 450 international customers. Customers are financial institutions such as ETF providers and investment banks.

history

Solactive was founded in October 2007 under the name Structured Solutions . In June 2008, BNP Paribas launched an ETF based on an index calculated by the company. In August 2010, 25 ETFs with a volume of more than USD 5 billion were linked to indices calculated by Solactive. The first ETF linked to a bond index calculated by Solactive was launched in October 2011, while the Global X Guru® Index ETF , the first thematic ETF linked to a Solactive index, was launched in May 2012.

In July 2013, the company was renamed Solactive. In March 2014 Solactive published its first green bond index . In December 2014, Solactive Indices were linked to 170 traded funds with a fund volume of over 25 billion US dollars. One year later, in December 2015, the number of ETFs that reference Solactive indices reached 200. In January 2016, Solactive entered the ESG benchmark business.

Based on the number of indices used for ETFs, Solactive ranked third in the US in March 2016. In January 2017, the number of ETFs that reference Solactive indices reached 250. July 2017 saw the opening of Solactive Americas , the first foreign branch based in Toronto. In January 2018, more than 350 ETFs were linked to indices calculated by Solactive. In October 2018, Solactive established its second international business unit based in Hong Kong. In April 2019, Solactive was registered as a benchmark administrator according to the European Benchmark Regulation (BMR) at the Federal Financial Supervisory Authority (BaFin). In October 2019, more than 450 ETFs were linked to indices calculated by Solactive.

Web links

Individual evidence

  1. ↑ Annual financial statements for the financial year from January 1, 2017 to December 31, 2017 of Solactive Aktiengesellschaft, Frankfurt am Main: total output 19,194 thousand euros.
  2. ↑ Solactive , 2017 About Us
  3. ↑ Solactive and Sarasin launch range of smart beta equity indices , 2016 ETF Strategy