What’s claimed to be the world’s first alternative finance index has been launched.
The Crowdfunding and Marketplace Finance Index (CAMFI) is a partnership between Cambridge-based data intelligence firm TAB; China-focused big data firm BBD; Hangzhou Ling Hao Technology (JZT Data); and, academic advisor Academy of Internet Finance in Hangzhou.
The new index aims to become the main financial barometer for the new asset class of alternative finance.
It will analyse more than 4,800 global platforms to estimate the overall monthly climate of the global marketplace finance and crowdfunding industry, weighting the rewards, equity and debt markets, to create a single global metric.
CEO of TAB Emily Mackay said: “CAMFI is a true world first in distilling the overall health of the alternative finance market down into a single number, and will be the single measure by which the world identifies trends and patterns, and assesses the strength of the industry.
“With the holiday season beginning it is not unexpected that June would be a lighter month than May, with raises slowing up across the globe and in the northern hemisphere particularly. This also fits with the wider global economic picture, the long-term health of alternative finance is strong and we look forward to quantifying this in CAMFI.
“CAMFI means there is now a whole market measure including sub-indices, a powerful tool in trend tracking and informing the global market about this emerging asset class.
“Online finance is a sector that overall is showing considerable growth globally year to year, and CAMFI is a major development in assessing this sector for public bodies, financial analysts, academics, SMEs, corporates and other interested parties.”
The latest from CAMFI shows the industry experienced an overall downward trend in June, with CAMFI dropping from 103.40 in May to 87.95 in June, a decrease of -14.9%.
