Announcement – Methodology Change | Several Solactive Indices | Effective Date 29th January 2025
Today, on 27/01/2025, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
|
Solactive US Energy Transition and Adaptation Opportunities Index NTR |
.SOLUSETN |
DE000SL0B475 |
|
Solactive US Energy Transition and Adaptation Opportunities Index PR |
.SOLUSETP |
DE000SL0B467 |
|
Solactive US Energy Transition and Adaptation Opportunities Index TR |
.SOLUSETT |
DE000SL0B5A1 |
Rationale for Methodology Change
Solactive believes in order to align with standard market practices and increase the replicability of the index, a quarterly reweighting will be added. The quarterly reweighting will allow weights of the index to rebalance not deviate too far compared to an annual rebalance. Too much deviation from rebalanced weights will be less representative of the market.
Changes to the Index Guideline
The following Methodology change/(s) is/are proposed in the following point/(s) of the Index Guideline
3.1. ORDINARY REBALANCE
Addition:
– In addition, if the INDEX ADMINISTRATOR determines that the INDEX weight of any INDEX COMPONENT is greater than 10% on any REVIEW DAY, then a weight cap is applied for each INDEX COMPONENT by re-distributing any weight which is larger than 10% to the other INDEX COMPONENT proportionally in an iterative manner.
- Definitions
Addition:
“REVIEW DAY” is 5 CALCULATION DAYS before the REWEIGHTING DAY.
“REWEIGHTING DAY” is the first Wednesday of February, May and August. If that day is not an ELIGIBLE REBALANCE DAY the REBALANCE DAY will be the immediately following ELIGIBLE REBALANCE DAY.