Q3 2023 Index Performance Update

With the calm down of the U.S. mainstream inflation, consumer confidence and consumption has been boosted and companies with innovative assets have been outperforming relative to the market. Moving into the 3rd quarter of 2023, the innovation United States index has witnessed significant weight increases in the Consumer Non-Durables, Distribution Services, and Industrial Services sectors, while the Global and Trade War indexes start to overweight innovative companies in the Health Technology, Consumer Services, and Technology Services sectors.