Frankfurt (1 June 2021) – MV Index Solutions (MVIS®) today announced the launch of the BlueStar Hotels, Airlines, and Cruises Index (ticker: BCRUZ).
The BlueStar Hotels, Airlines, and Cruises Index (ticker: BCRUZ) is a global index that tracks the performance of companies that derive 50% of revenue or operating activity from the passenger airline, hotels and resorts (excluding motel chains), and/or cruise industries. A stock must be listed on an exchange in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States.
"We are pleased to announce the launch of our BlueStar Hotels, Airlines, and Cruises Index. The index provides pure-play exposure to the key industries in the travel and tourism segment. The travel and tourism segment was experiencing strong secular growth trends in the years leading up to the outbreak of the corona virus last year, supported by changing consumer preferences, improved product offerings and increased operating efficiencies. While the corona virus presented a major challenge to this segment, it is likely that this will be a temporary set-back within a long-term growth trend,” said Josh Kaplan, Global Head of Research & Investment Strategy at MV Index Solutions.
The BlueStar Hotels, Airlines, and Cruises Index (ticker: BCRUZ) is weighted by free float market capitalisation and is calculated in USD as a price index and a total return net index. Capping factors are applied to avoid overweighting of single index companies. The index is reviewed on a quarterly basis. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.