SAN FRANCISCO--(BUSINESS WIRE)--Emerita Capital Indices, in collaboration with EQM Indexes LLC, announced the launch of its Blockchain BLOK 50 Global Index (Bloomberg: BLOK-50 and Reuters BLOK50). The index, which launched on Dec. 29, 2017, was co-developed to track the combined performance of the 50 leading public companies in the blockchain ecosystem.
In order to be eligible for inclusion in the index, companies must derive revenue from and/or are investing in blockchain technology, blockchain companies, or blockchain-enabled applications. These companies are at the forefront of R&D, testing and implementation of blockchain technology, and/or are partnering with or directly investing in blockchain companies and/or profiting from blockchain-based applications such as cryptocurrency mining. The blockchain is a decentralized ledger shared across users that facilitates the process of recording transactions and tracking assets across a business network. This foundational technology is expected to pave the way for significant disruptions across many industries.
“We are excited to offer exposure to the leading companies engaged in advancing blockchain-based technology,” said Gabriel Rojo, founder of Emerita Capital Indices. Rojo added, “These companies offer investors the opportunity to participate in the growth of blockchain, while potentially serving as a less volatile hedge for blockchain-based applications such as cryptocurrency and ICOs. Based on backtested results, blockchain exposure has a low correlation to traditional asset classes and serves as potential diversifier for holders of bitcoin and other crypto assets.”
An active ETF based on blockchain-based technology was recently launched by Amplify ETFs as the Transformation Data Sharing ETF (NYSE Arca: BLOK). Emerita Capital Indices and EQM Indexes serve as a research partner for the ETF. Click here for more information about the index at www.emeritacapital.com and www.eqmindexes.com. More information about the ETF is available at www.amplifyetfs.com.
Emerita Capital Indices
Emerita Capital Indices, Inc. is an independent research firm focused on Blockchain and Artificial Intelligence, composed of computer scientists, engineers, and financial experts. Emerita delivers world class research and analysis that evaluates the impact of these technologies on economics, business models, and human interactions. Organizations that do not embrace disruptive change will be at a disadvantage in the future. Emerita Capital’s mission is to provide a framework through which 21st century investors can understand and adapt to the transformational technologies that have the potential to upend society as we know it in the years to come.
EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry, our index design expertise spans a wide range of asset classes and financial instruments. We partner with issuers and work jointly with other index firms to provide benchmarks for Exchange Traded Products (ETPs) such as Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), and other similar products. EQM Indexes LLC also assists firms on a fee basis to design and implement their index ideas.
Amplify ETFs, sponsored by Amplify Investments, has over $400 million in assets across ETFs for which it is Adviser or Sub-Adviser (as of 1/15/2018). Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility. Using those benefits as a foundation, Amplify seeks to build ETFs powered by investment strategies from leading index providers and asset managers within unique market segments. Amplify is also the sponsor of YieldShares, a brand of income-oriented ETFs.