Cramer Global Jobs & Economic Recovery Index
The strategy of the Index Sponsor intends to give exposure to mainly small and mid-cap companies that may benefit from governmental policies across the world, which address the consequences of the COVID-19 recession by aiming to put people back to work. The US have launched the “Build Back Better” scheme and similar political agendas are being implemented in other parts of the world to accelerate job creation. The Index allocates mainly to small and mid-cap companies, which according to the Index Sponsor are the biggest employers on a size-adjusted basis, by selecting relevant Equities, Funds, ETFs, Bonds, Structured Products and/or Derivatives. The strategy provides exposure to a broad sectoral and regional allocation. Passive vehicles may be used to add momentum on any major political agenda to put people back to work. The short leg of the Index aims to hedge beta exposure by employing derivatives and/or ETFs with inverse exposure to an index if deemed appropriate by the Index Sponsor. Derivatives may also be used to add value.