New social media index includes fast-entry IPO rule

Solactive Titans index offers exposure to high-cap social media stocks

Social media logos on a keyboard

Solactive has launched an index that offers investors access to leading social media companies and includes a so-called fast-entry IPO mechanism that allows for recalculation in the event of a new IPO in the sector.

The Solactive Social Media Titans Performance Index, which was launched on September 29, tracks the 10 largest social media stocks according to market capitalisation. To be eligible for inclusion, stocks must have a market capitalisation of more than €750 million and an average daily

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