MVIS Licenses the MVIS Digital India Index to VanEck

MV Index Solutions GmbH (MVIS) today announced the licensing of the MVIS Digital India Index (ticker: MVDIND) to VanEck for the use as underlying the VanEck Digital India ETF (DGIN).

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Thursday, February 17, 2022
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Summary
Key Points: 
  • MV Index Solutions GmbH (MVIS) today announced the licensing of the MVIS Digital India Index (ticker: MVDIND) to VanEck for the use as underlying the VanEck Digital India ETF (DGIN).
  • The MVIS Digital India Index (ticker: MVDIND) is weighted by free float market capitalisation and is reviewed on a quarterly basis.
  • The index is calculated in USD as a price index and a total return net index.
  • Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website .


MV Index Solutions GmbH (MVIS®) today announced the licensing of the MVIS Digital India Index (ticker: MVDIND) to VanEck for the use as underlying the VanEck Digital India ETF (DGIN).

The MVIS Digital India Index (ticker: MVDIND) tracks the performance of companies that generate at least 50% of their revenue from software, hardware, IT services and consulting, communications equipment, telecommunications infrastructure, internet applications, e-commerce including online financial services, electronic payment processing or the telecommunications services industry. In addition, the index includes Indian companies that rank in the top 10 by annual revenue from the telecommunication services industry.

“We are happy to provide the underlying to VanEck’s new ETF. The index utilizes MVIS’ unique approach to company-to-country classifications by including Indian companies regardless of listing venue. It focuses on an investable benchmark that captures companies contributing to the digitization of India,” said Thomas Kettner, COO of MV Index Solutions.

“India is in the midst of a massive shift, driven in large part by the rapid digitization of the country’s economy,” said Angus Shillington, Deputy Portfolio Manager for VanEck’s active Emerging Markets Equity Strategy. “India’s population includes the largest ‘Gen Z’ of any country and a rising middle class. Due to these demographics, along with low data costs, increasing smartphone penetration and government policies designed to transform India into a digitally empowered society, the digitization of India is a key theme for investors looking for emerging growth opportunities,” he continued.

The MVIS Digital India Index (ticker: MVDIND) is weighted by free float market capitalisation and is reviewed on a quarterly basis. The index is calculated in USD as a price index and a total return net index. Capping factors are applied to avoid overweighting of single index components. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.

Key Index Features

MVIS Digital India Index (ticker: MVDIND)

Number of Components: 35

Base Date: 31 December 2015

Base Value: 1000

Note to Editors:

About MV Index Solutions - www.mvis-indices.com

MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices and BlueStar Indexes, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 34.15 billion in assets under management (as of 17 February 2022) are currently invested in financial products based on MVIS/BlueStar Indices. MVIS is a VanEck company.

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