Extraordinary Rebalance in accordance with the Correction Policy
Extraordinary Rebalance in accordance with the Correction Policy|
Solactive E-Mobilität Newcomer Index (.SOLEVNN)
| Effective Date 02-Nov-2021
Today, on the 19-Oct-2021, Solactive announces that an error in the composition and/or weights of the Index constituents of the following Indices (the ‘Affected Indices’) has been detected:
Solactive E-Mobilität Newcomer Index
The correction is made by way of an extraordinary rebalancing in accordance with Section 4.2 of the Correction Policy that is available on Solactive website at: https://www.solactive.com/documents/correction-policy/.
Description of the Error
Incorrectly updated initial basket resulted in an unintentional deletion of Lucid Group.
Specifications of the Extraordinary Rebalance
In accordance with the Correction Policy, the date of error discovery will be regarded as an extraordinary selection day (the “Extraordinary Selection Day”). For the purpose of this extraordinary rebalance, the Extraordinary Selection Day is 18-Oct-2021. The effective date of implementation of the corrected composition of the Affected Indices is open of business on 02-Oct-2021.
The following composition will be implemented:
|LUCID GROUP INC|
|CHARGEPOINT HOLDINGS INC|
|LORDSTOWN MOTORS CORP|
|ROMEO POWER INC|
|ELECTRAMECCANICA VEHICLES CORP|
|ELECTRIC LAST MILE SOLUTIONS INC|
|TPG PACE BENEFICIAL FIN-CL A|
|CBAK ENERGY TECHNOLOGY INC|
|PIAGGIO & C. SPA|