Adjustment of some short costs for the Solactive Futures Leverage Families

With effective date 28th January 2018, the Spread Costs for Short Leverage Indices in the Solactive Futures Leverage Families will be adjusted to reflect a deduction of costs incurred in connection with holding a position in an underlying rolling futures index. The amount of the costs to be considered remains unchanged, but the sign changes to minus to reflect the deduction of the costs mathematically correct. The adjustment was necessary in order to achieve the index’s objective of replicating the performance of a hypothetical investment in an underlying rolling futures index.

This affects all short leverage indices in  the below families: