CHICAGO, Aug. 29, 2017 /PRNewswire/ -- Zacks Index Services is pleased to announce the introduction of Zacks Global Autonomous Vehicle Index. This innovative index offers strategic exposure to companies who are actively involved in research and development, manufacturing, and supporting self-driving cars.
The Index is comprised of three subsectors: Auto Parts Producers, Manufacturers, and Technology.
- Auto Parts Producers: engaged in research, developing and producing parts for autonomous vehicles
- Manufacturers: involved in investing, research, testing and manufacturing self-driving cars
- Technology: engaged in providing necessary support such as high-precision map, autonomy, safety and intelligence assistance
The Zacks Global Autonomous Vehicle Index employs proprietary selection rules to identify constituents that contribute to or generate revenue from the autonomous vehicle industry. The Index includes publicly listed, liquid securities trading in both the United States and global exchanges. The Index, which is comprised of 60 constituents, is reconstituted once a year.
About Zacks Index Services
Zacks Index Services, a division of Zacks Investment Management (ZIM), creates and maintains proprietary, quantitative portfolio strategies that are licensed to product sponsors and serve as the basis of investment products such as ETFs, unit investment trusts, and closed-end funds. ZIM, a wealth management boutique, is a leading expert on earnings and using earnings estimates in the investment process. ZIM is a wholly owned subsidiary of Zacks Investment Research, one of the largest providers of independent research in the U.S.
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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment or strategy is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice
SOURCE Zacks Index Services