MAP Partners Deglobalization Index
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 Index Calculation Agent neither advises nor assists the Index Sponsor in connection with the preparation or implementation of the Strategy. The aim of the Index Strategy is to generate sustainable return on a total return basis through bottom up share selection with focus on listed companies with their main businesses in China / US or have large part of business exposure to China / US. The strategy is to identify companies that will benefit from the developing trend of “Deglobalization”. The political tensions between China and the US are intensifying and have been spreading from trade fiction to investment flows, setting a stage for “Deglobalization” which includes, but is not limited to 1) the relocation of supply chains and increased automation; 2) faster development of digital transformation e.g. 5G infrastructure and technology investment; 3) boosting of local consumption e.g. education and healthcare industries; and 4) other opportunities that may emerge from the evolution of “Deglobalization” over time. The Index Sponsor may also select exchange traded derivative instruments for hedging purpose. The Index Strategy is managed on a discretionary basis by the Index Sponsor according to market opportunities.