Guideline Change | RBC Global Top 30 Equity Index | Effective Date 04/05/2020
Today, on the 29th April 2020, Solactive announces that the Committee has decided to adjust the guideline of the following indices to stay in line with the index subjective to replicate the research basket from RBC Capital Markets Research Department:
|
Name |
ISIN |
Characteristic |
Reuters |
Bloomberg |
|
RBC Global Top 30 Equity Net Total Return USD Index |
DE000SLA6ZM2 |
Net Total Return |
.RBCE30UT |
– |
|
RBC Global Top 30 Equity 2% Synthetic Dividend USD Index |
DE000SLA6ZQ3 |
Synthetic Dividend |
.RBCE30UD |
– |
|
RBC Global Top 30 Equity Net Total Return CAD Index |
DE000SLA6ZK6 |
Net Total Return |
.RBCE30CT |
– |
|
RBC Global Top 30 Equity 2% Synthetic Dividend CAD Index |
DE000SLA6ZN0 |
Synthetic Dividend |
.RBCE30CD |
– |
|
RBC Global Top 30 Equity Net Total Return EUR Index |
DE000SLA6ZL4 |
Net Total Return |
.RBCE30ET |
– |
|
RBC Global Top 30 Equity 2% Synthetic Dividend EUR Index |
DE000SLA6ZP5 |
Synthetic Dividend |
.RBCE30ED |
– |
The research basket used to be published once a year in December but now has changed its frequency to quarterly publication. Therefore, the index will change its frequency to be quarterly adjusted as well.
Changes to the Index Guideline
Section 2.2 Ordinary Adjustment
Old Wording:
The composition of the Index is adjusted annually in December. The composition of the Index is reviewed on the Selection Day and necessary changes are announced.
The first adjustment will be made in December 2018, based on the Trading Prices of the Index Components on the Adjustment Day.
New Wording:
The composition of the Index is adjusted after publication of the RBC Top 30 Research Basket, which is published quarterly in January, April, July and October (as of the date of this Guideline) The frequency of publication of the RBC Top 30 Research Basket may change in the future. Such change will be reflected in the frequency for the ordinary adjustment. The Index Administrator will publish a notice on such change of the frequency for the ordinary adjustment in accordance with Section 1.7.
Added:
From the index set-up to April 2020 the index was adjusted annually in December.
These Changes are considered to be minor and will come effective after two announcement days, meaning effective date 04/05/2020.
RBC Capital Markets Research Department has announced the frequency change and the most recent research basket the on 03/04/2020, therefore, the committee decided to do an extraordinary rebalance to avoid the deviation of the index from the research basket. The extraordinary Selection Day will be the day when the methodology change becomes effective (05/04/2020) and the rebalancing logic of the Adjustment Day (COB) will be as stated in the guideline.