The CedarIBS FinTech Index

IBS Intelligence launches the CedarIBS Fintech Index (CIFTI)

IBS Intelligence is pleased to launch an innovative service offering for the financial technologies marketplace- the CedarIBS FinTech Index (CIFTI).

The CIFTI is a unique equity index comprising of selected FinTech companies from around the world, across 25 exchanges. Currently there are 4 key indexes that enable one to track performance viz. i) CIFTI 50 ii) CIFTI Large Cap iii) CIFTI Mid Cap and iv) CIFTI Small Cap.

Indexes are computed every 2 hours; and are comparable to all major indices such as S&P, Dow Jones, NASDAQ, NIFTY, etc. One can observe on a % change basis CIFTI performance to other indexes as an indicator of the performance of this segment of companies compared to other global benchmarks.

Additionally, track over 140 FinTech companies!

The CIFTI also provides an opportunity to look at key stock metrics, P/E and Market Cap (where available) for over 140 FinTech companies across 25 stock exchanges, globally. One can look at the performance of a single stock and multiple stocks, a collection of large cap, mid cap and small cap stocks or a comparison of a stock against any of the major indexes to see how a stock is performing relative to the overall market.

Till date, there was no single source globally, for an instant review of stocks specific to the financial technologies marketplace. The CIFTI now provides this.

IBS Intelligence has created this global benchmarking platform for investors, board members, CEO’s and the leadership teams and customers of FinTech companies as well as for financial investors in the banking and private equity industries. The services of CIFTI, are currently being offered at no charge. In addition to the CIFTI, IBS Intelligence offers industry reports covering many of these companies.

Visit the CIFTI now!

What is the CIFTI Methodology and how are they calculated?

The Cedar IBS Fintech Index (CIFTI) is designed to reflect the performance of financial technology sector. Indexes are price return indexes calculated in USD using the market capitalization weighted methodology.

Index Family
CIFTI 50 is the flagship index comprising of 50 largest FinTech companies globally. The CIFTI Large Cap, Mid Cap & Small Cap Indexes are additional indexes which track the performance of similar sized companies (classification based upon the market capitalization).

Eligibility Criteria

Index Start Date
All indexes are calculated with a base date of 1st July 2015
The base value of the Indexes is as follows:

Index Calculation

Additions
Initial Public Offering will be seasoned for a period of 6 to 12 months before being considered for eligibility
Companies getting reclassified as FinTech and IPO’s will first be added to the CedarIBS FinTech Universe, before being a part of the CIFTI 50
For CIFTI 50, in case of corporate action deletions, the next largest eligible company in terms of market capitalization will be added to the index.

Deletions
Companies involved in mergers, acquisitions, or significant restructuring such that they no longer meet eligibility criteria will be removed immediately
Companies delisted as a result of corporate action, will be removed effectively within 5 business days post the stock halts trading
If a company moves to pink sheets or bulletin board, the stock will be removed from the CIFTI.

Share Update
Changes in company’s shares outstanding due to its acquisition of another public company are made as soon as reasonably possible
All other changes of less than 5% are accumulated and made during quarterly rebalance.

Index Rebalancing
All Indices are rebalanced quarterly
For reweighting purposes, the indices are rebalanced quarterly on the last Friday of March, June, September, and December.

Index Corporate Actions
All Index constituents are readjusted for Price & Shares related Corporate Actions; they are applied after close of trading on the day prior to the ex-date
Typical price & shares impacting corporate actions are: Special Dividends (>5% of Share price), Mergers, Acquisitions, Stock Split, Reverse Split, Rights Issue etc.

What is the definition of large cap, mid cap, and small cap?

Large Cap includes companies with market capitalisation of $5 Bn and above where as Mid Cap are those with market capitalisation between $1 Bn to $5 Bn and Small Cap are those with market capitalisation less than $1 Bn.

What companies are covered in CIFTI50?

What companies are covered in CIFTI Large Cap?

What companies are covered in CIFTI Mid Cap?

What companies are covered in CIFTI Small Cap?

Disclaimer

By accessing www.ibsintelligence.com (the “Website”) you have read, understood and agreed to be legally bound by the Terms and Conditions. IBS Intelligence does not guarantee the accuracy, adequacy or completeness of any information on the Website, including, without limitation, the stock price information of the Fintech companies (the “Stock Price Information”) and any index information related to the Fintech companies (the “Index”) and is not responsible for any errors or omissions or for the results obtained from the use of such Stock Price Information or the Index. All information on this Website is provided on an “as is” basis without warranty of any kind, express or implied. Differences may occur also between the print and online text of articles.

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