Syntax Data, a top provider of financial data solutions, is expanding its partnership with SmartTrust®, a well-known Unit Investment Trust (UIT) provider. As part of this collaboration, the SmartTrust® Power Solutions Trust follows the Syntax Power Solutions Index, which includes U.S.-listed companies engaged in solar, wind, nuclear, and natural gas power generation, along with those manufacturing related equipment. This specialized index is designed to keep pace with the changing energy sector, offering exposure to clean energy sources like hydrogen, fuel cells, biofuels, and smart grid technologies.
Kevin Mahn, President & CIO, SmartTrust® stated, “With U.S. power demand projected to continue to grow significantly, and data center electricity use, in particular, expected to rise by 160% by the decade’s end, the time for a dedicated investment solution that targets the next generation of power solutions seemed appropriate.”
Patrick Shaddow, CEO, Syntax Data, said “Syntax Data’s FIS® is an industry-leading framework that classifies companies based on their business functions, enabling purer diversification and more precise sector exposures. By utilizing this approach for the Power Solutions Trust, investors gain access to a portfolio designed to capitalize on opportunities within the growing and dynamic energy sector.”
“By applying a precise, data-driven approach, the Syntax Power Solutions Index helps investors unlock opportunities in the evolving energy landscape,” mentioned Andrei Senyuk, SVP, Index Development at Syntax Data.
Matthew Wolcott, COO, SmartTrust®, “SmartTrust® is excited to work with Syntax to bring SmartTrust’s brand of unique, innovative and UIT focused offerings.”
This strengthened partnership highlights both companies’ dedication to offering investors innovative strategies in a changing market. The Power Solutions Trust, powered by Syntax’s proprietary Functional Information System (FIS®), focuses on companies leading the way in power generation, renewable energy, and cutting-edge energy solutions.
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