FRANKFURT, Germany--(BUSINESS WIRE)--Marke0tVector Indexes GmbH announces the licensing of the MVIS® CryptoCompare Smart Contract Leaders Brazil Index (ticker: MVSCBR) to Investo as the underlying index for their BLOK11 ETF. The index is designed to measure the performance of the largest and most liquid smart contract assets and considers Brazilian trading parameters.
“We are proud to partner with Investo to bring this cutting-edge Smart Contract Leaders index to the dynamic Brazilian ETF marketplace,” said Steven Schoenfeld, CEO of MarketVector Indexes. “Investo’s accelerating product innovation aligns perfectly with MarketVector’s pioneering role in developing Digital Asset indexes.”
The MVIS® CryptoCompare Smart Contract Leaders Brazil Index (ticker: MVSCBR) is a rules-based index designed to track the performance of the largest and most liquid smart contract assets. The index is calculated in USD as a price return index. Capping factors are applied to avoid overweighting of single index components.
“We are living in an age of rapid technology development that demands we be up-to-date at all times on the new applications leveraging cutting-edge technology around the world,” said Cauê Mançanares, CEO of Investo. “Investo is proud to accompany this evolution with the launch of BLOK11. With this ETF, Investo brings to Brazilians a simple and intelligent way to invest in the Smart Contracts sector in a diversified manner.”
Detailed information about the index, including methodology details and index data, is available on the MarketVector Indexes website.
Key Index Features
MVIS® CryptoCompare Smart Contract Leaders Brazil Index (ticker: MVSCBR)
Number of Components: 11
Base Date: 31 December 2017
Base Value: 100
Note to Editors:
About MarketVector Indexes - www.mvis-indices.com
MarketVector Indexes GmbH develops, monitors and markets the MVIS® Indexes, a focused selection of pure-play and investable indexes. The introduction of MVIS® Indexes has expanded VanEck's successful brand from exchange-traded products to indexes, and the current portfolio of MarketVector Indexes reflects the company's in-depth expertise when it comes to emerging markets, hard assets, fixed income and special asset classes. Approximately USD 32.88 billion in assets under management are currently invested in financial products based on MVIS® Indexes. MarketVector Indexes is a VanEck® Company.
About Investo - https://investoetf.com/
Investo is the first independent investment manager in Brazil to specialize in ETFs (Exchange Traded Funds). Founded at Harvard University (USA) in early 2020, its purpose is to "turn Brazilians into global investors'', bringing innovation to Brazil by means of products that enable investments abroad in a simple, safe, agile and low-cost manner, allowing Brazilians to participate in the value generation of the world's best companies. Founded by Cauê Mançanares, CEO, Luiz Junior, COO, and partner Gabriel Lansac as CRO, Investo has partners such as BTG, Nubank Invest, Credit Suisse, Banco Inter and Banco Modal.