Overview
Market Consultation

MARKET CONSULTATION ON REPLACEMENT OF THE DATA SOURCE | MAY 2019

Solactive AG has decided to conduct a Market Consultation with regard to replacement of the data source used to compute Deep Value Filters as part of the selection process in the following Indices (the ‘Indices’).

NAME RIC ISIN
SOLACTIVE EUROPEAN DEEP VALUE SELECT 50 GROSS TOTAL RETURN INDEX .SOLEDVSG DE000SLA1C26
SOLACTIVE EUROPEAN DEEP VALUE SELECT 50 NET TOTAL RETURN INDEX .SOLEDVSN DE000SLA1C34
SOLACTIVE EUROPEAN DEEP VALUE SELECT 50 INDEX .SOLEDVSP DE000SLA0252
SOLACTIVE US DEEP VALUE SELECT 50 GROSS TOTAL RETURN INDEX .SOLUDVSG DE000SLA3J84
SOLACTIVE US DEEP VALUE SELECT 50 NET TOTAL RETURN INDEX .SOLUDVSN DE000SLA3J76
SOLACTIVE US DEEP VALUE SELECT 50 INDEX .SOLUDVSP DE000SLA3J68
Solactive Deep Value World MV ex-DA GTR Index .SOWDEEXG DE000SLA5WT6
Solactive Deep Value World MV ex-DA NTR Index .SOWDEEXN DE000SLA5WU4
Solactive Deep Value World MV ex-DA PR Index .SOWDEEXP DE000SLA5WV2
SOLACTIVE DEEP VALUE WORLD MV GTR INDEX .SOLWDVG DE000SLA2ZA6
SOLACTIVE DEEP VALUE WORLD MV NTR INDEX .SOLWDVN DE000SLA2Y94
SOLACTIVE DEEP VALUE WORLD MV PR INDEX .SOLWDEEP DE000SLA2Y86

Rational for Market Consultation

The objective of the above listed Indices is to provide exposure to the performance of a basket of 50 liquid (US, European and International) Companies selected through the methodology specified in the Index Guideline. The data from different sources is used for the computation of the Deep Value Filters, Thomson Worldscope being one of them. Due to licensing restrictions, this data source (Thomson Worldscope) will no longer be available for use in above listed Solactive Indices in the future.

Henceforth, the data source Thomson Worldscope will be replaced by ‘Factset’.  The majority of data points of Factset are identical with Thomson Worldscope. In individual cases, however, a deviation may occur.  With regard to the data points concerned, this is essentially due to the fact that the data is sourced from official reports and filings of the relevant companies but adjusted by the data provider.

The index guidelines for the above listed Indices explicitly mention Thompson Worldscope as the data source in the definitions for the respective Deep Value Filters. Accordingly, the index guidelines will be amended to reflect such replacement of the data source.

More details can be found in the document attached to this consultation. Please respond until 23rd of May, 2019.