Changes to Index Components | Solactive Asia Robotics & Artificial Intelligence Index | Effective Date 02 May 2019
Today, on May 3rd 2019, Solactive announces the following change to the index components of the Solactive Asia Robotics & Artificial Intelligence Index:
The following index components will be removed from the index effectively 7th of May 2019 (in the open):
J.S. CORRUGATING MACHINERY [000821.ZK]
HENGBAO CO LTD [002104.ZK]
LIDA OPTICAL & ELECTRONIC [002189.ZK]
CASTECH INC [002222.ZK]
WISESOFT CO LTD [002253.ZK]
CHANGCHUN UP OPTOTECH CO [002338.ZK]
NATIONZ TECHNOLOGIES INC [300077.ZK]
WUHAN TIANYU INFORMATION [300205.ZK]
INGENIC SEMICONDUCTOR CO [300223.ZK]
TOYOU FEIJI ELECTRONICS CO [300302.ZK]
Rationale for the Removal:
The rationale behind the change is to ensure the tradability of all the index components of the Solactive Asia Robotics & Artificial Intelligence Index at any time in all financial products linked to the index.
In particular, the Hong Kong Stock Exchange publishes two different lists on a daily basis that indicate whether connect listings can be bought and sold via Northbound Trading.
Link to the webpage:
The two relevant lists are:
- List of SSE Securities/China Connect Securities (stocks eligible for both buy and sell)
- List of SZSE Securities/China Connect Securities (stocks eligible for both buy and sell)
The connect eligible stocks on those two lists shall be index components of the Solactive Asia Robotics & Artificial Intelligence Index, provided they fulfill all other selection criteria as defined in the Index Methodology of the Solactive Asia Robotics & Artificial Intelligence Index.
The above-mentioned index components are not listed in any of the two lists and shall thus be removed from the index. The index weights of the above stocks will be redistributed pro-rata among all the remaining components.
Furthermore, going forward all stocks that are index components shall be removed from the index with a two-day’s notice period if they are removed from any of the two lists above. Clients will be informed by Solactive about the affected index components and the exact treatment in the index.