Index for global travel, aviation stocks launched

index for global travel aviation stocks launched

Sumary of Index for global travel, aviation stocks launched:

  • The Singapore Exchange and Changi Airports International (CAI) have launched the iEdge-GateEq Aviation and Travel Index, a market capitalisation-weighted index which covers the top 50 listed companies in the global travel and aviation industry.
  • The top 10 constituents of the index are UPS, Booking Holdings, Airbus, FedEx, Deutsche Post, Safran, Airbnb, Marriott International, Southwest Airlines and Hilton Worldwide.
  • SGX will review the index constituents on a quarterly basis.
  • The tradeable index aims to capture global aviation and travel-related long-term growth.
  • They noted that the index reached pre-Covid-19 levels last month, driven by a rally in hospitality, travel and booking-related stocks.
  • SGX developed the index as part of its iEdge product suite in a first-of-its-kind collaboration with GateEq, a CAI strategic initiative.

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