Set to launch on the Frankfurt stock exchange on the 21st of June, the bicycle industry will get its first stock exchange index, tracking 20 of the trade’s largest listed names.
This means that an investor could invest in this single index and know that they’ve just invested in a diversified portfolio of 20 major bicycle related companies.
In signs that the investment trend into the bicycle business is only gathering momentum, such indexes are used to track entire industries’ performance, giving investors who have faith in a particular topic a balanced and broad investment that is diversified across the range of companies, rather than into one stock. Read the whole article: