SGX licences internet-based index to Nikko AM

The iEdge-FactSet Global Internet index highlights stocks focused on web-based tech.

Singapore Exchange is licencing its iEdge-FactSet Global Internet Index to Nikko Asset Management (Nikko AM), according to a press release.

Nikko AM will use the index for exchange-traded fund (ETF) listing.

A part of the SGX Index Edge-FactSet collaboration, iEdge-FactSet Global Internet Index provides exposure to global stocks positioned to grow with the shift to web-based technologies.

Securities captured within this index include internet companies primarily in internet services, financial software, virtual reality and engineering software, and online retail.

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