Methodology change | F.A.Z. Index Family | Effective Date 05 January 2023
Today, on the 22th of December 2022, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):
Name | RIC | ISIN |
F.A.Z. Index | .FAZI | DE0008469024 |
F.A.Z. Index (NTR) | .FAZINTR | DE000SLA8LV9 |
F.A.Z. Index (TR) | .FAZITR | DE000SLA8LW7 |
F.A.Z. Auto- und Zulieferindustrie-Index | .FAZIATSP | DE000SLA3AG4 |
F.A.Z. Banken-Index | .FAZIUBNK | DE000SLA3AA7 |
F.A.Z. Bau und Immobilien-Index | .FAZICNRE | DE000SLA3AD1 |
F.A.Z. Chemie und Pharma-Index | .FAZICHMM | DE000SLA3AF6 |
F.A.Z. Erneuerbare Energien-Index | .FAZIENER | DE000SLA3AM2 |
F.A.Z. Grundstoffe-Index | .FAZIBSMT | DE000SLA3AJ8 |
F.A.Z. Handel und Verkehrs-Index | .FAZITRAD | DE000SLA3AK6 |
F.A.Z. IT und Elektronik-Index | .FAZIELEC | DE000SLA3AC3 |
F.A.Z. Konsumgüter und Medien-Index | .FAZICNGD | DE000SLA3AL4 |
F.A.Z. Maschinenbau-Index | .FAZIENGN | DE000SLA3AH2 |
F.A.Z. Versicherungen-Index | .FAZIINSU | DE000SLA3AB5 |
F.A.Z. Versorger und Telekommunikations-Index | .FAZIUTIL | DE000SLA3AE9 |
Rationale for Methodology Change
In order to take account of the European Benchmark regulation and to ensure operational permeability in the index calculation the methodology of the F.A.Z. Index Family will be adjusted.
Changes to the Index Guideline
The following Methodology changes will be implemented:
- Change of language from German to English and update of format
- Solactive AG becomes Administrator of the indices, which are already calculated by Solactive AG. The Frankfurter Allgemeine Zeitung GmbH remains the owner of the Index Family
- The „F.A.Z.-Index-Komitee” will be replaced by Solactive AG as administrator with reference to the update guideline
- Determination of the index weights as part of the ordinary index adjustment is based on the data as of selection day
- Ordinary capital measures and extraordinary events, e.g. stock market delistings as part of a takeover, are implemented by Solactive AG in accordance with the Solactive Equity Index methodology.
- For the calculation of the index levels of the F.A.Z. index family the divisor logic will be applied
Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Affected Indices.