MarketVector Indexes, an organization that develops, monitors and markets the MVIS® indexes, a focused selection of pure-play and investable indexes, is licensing the BlueStar Global Robotics & 3D Printing Index (ticker: BRB3D) to Pacer Advisor Inc. as underlying index for their Pacer BlueStar Engineering the Future ETF.
Pacer ETFs is a strategy-driven exchange-traded fund provider with 44 ETFs and over $13 billion in assets under management, as of 5/4/2022. Pacer ETFs is focused on addressing investors’ needs through six fund families.
The BlueStar Global Robotics & 3D Printing Index (ticker: BRB3D) tracks the performance of the global robotics, industrial automation and 3D printing segments.
The index includes companies that generate at least 50% of their revenue from Robots or manufacturing automation equipment, computer aided design software (CAD), or additive manufacturing (3D printing) systems or related materials and software.
“We are proud to license the BlueStar Global Robotics & 3D Printing Index to our partners at Pacer for their unique new ETF,” stated Steven Schoenfeld, CEO of MarketVector Indexes. “BRB3D provides focused exposure to the companies at the cutting-edge of ‘Industry 4.0,’ characterized by disruptive industrial automation with extensive deployment of robotics and 3D printing,” he continued.
It is weighted by free float market capitalisation and is calculated in USD as a price index, a total return gross index and a total return net index. The index is reviewed on a semi-annual basis.
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