The Index reflects the performance of a virtual investment managed on the basis of a Strategy. This Strategy is determined by the index sponsor and the index sponsor is solely responsible for it.
The Strategy of the Index Sponsor follows a structured process for the selection of stocks in the e-Commerce sector based on an active bottom-up approach. Shares of e-Commerce companies that are active in the retail, business-to-business (B2B) and logistics sectors, among others (but not exclusively) are selected and included in the index. The geographical focus is not relevant.
The term e-Commerce covers the part of digital business that comprises the trade, purchase and sale of goods and services of all kinds via digital platforms and sales channels, as well as all types of business transactions that are both natural and adequately related (e.g. logistics). The focus will be on companies for which conventional valuation models are not applicable. In the future, companies will be jointly responsible for the disruptive change in trade and sales in the goods and services sector and will be among the potential winners in the offline to online shift. Companies with a business model aiming to strong growth are preferred.