Methodology Change | MarketVector Indices | Effective Date 03/06/2022
Today, on the 03/06/2022, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
|
Solactive-BlueStar Israel Domestic Exposure Price Index |
.IDEI |
DE000SLA12Q5 |
|
Solactive-BlueStar Israel Domestic Exposure NTR Index |
.IDEINTR |
DE000SLA12R3 |
|
Solactive-BlueStar Israel Domestic Exposure GTR Index |
.IDEITR |
DE000SLA12S1 |
|
Solactive-BlueStar Israel Global Exposure Price Index |
.IGEI |
DE000SLA12T9 |
|
Solactive-BlueStar Israel Global Exposure NTR Index |
.IGEINTR |
DE000SLA12U7 |
|
Solactive-BlueStar Israel Global Exposure GTR Index |
.IGEITR |
DE000SLA12V5 |
Rationale for Methodology Change
Solactive AG is constantly reviewing its indices and the approach of their index calculation. In order to harmonize the applied calculation methodologies, Solactive AG has decided to change the methodologies of the Affected Indices. This will ensure a streamlining of the index calculation logics.
Changes to the Index Guideline
The following Methodology changes will be implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):
Section: 2.1. INDEX UNIVERSE REQUIREMENTS:
From (old version):
The Index Universe is comprised of all financial instruments which fulfill the below requirements (the “Index Universe Requirements“):
- Is a component of BIGI®-TIM, which requires the satisfaction of the following three criteria:
– Considered to be Israeli by BlueStar Indexes®
– On the selection day a float-adjusted market cap of at least $50 million USD equivalent
– On the selection day a 6 month ADV of at least $200,000 USD equivalent
To (new version):
The Index Universe is comprised of all financial instruments which fulfill the below requirements (the “Index Universe Requirements“):
- Is a component of BITM
Section: 3. REBALANCE:
From (old version):
In addition to the ordinary rebalance, the INDEX is also rebalanced extraordinarily.
To (new version):
The INDEX will not be rebalanced extraordinarily.
Section: 6. DEFINITIONS:
From (old version):
“REBALANCE DAY” is the last ELIGIBLE REBALANCE DAY of June and December of each year.
“SELECTION DAY” is 5 BUSINESS DAYS before the scheduled REBALANCE DAY
To (new version):
“Rebalance Day” is the third Thursday of June and December. If the third Thursday is not an Eligible Rebalance Day, the review will take place on the next Eligible Rebalance Day after the third Thursday .
“Selection Day” is the Wednesday before the second Thursday of June and December. If this is not an Eligible Rebalance Day, the Selection Day is the last Eligible Rebalance Day before the respective day.
CONTACT
From (old version):
BlueStar Indexes®
1350 Avenue of the Americas, 4th Floor; New York, NY; 10019
Joshua Kaplan or Aaronique Powell
Tel: +1-646-380-2500
Email: info@bluestarglobalinvestors.com
To (new version):
MarketVector Indexes GmbH
Kreuznacher Str.30
60486 Frankfurt am Main
Germany
Tel (DE): +49 69 4056 69555
Tel (US): +1212-365-5340
Email: info@mvis-indices.com
Website: www.mvis-indices.com
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. The amended version of the index guideline will be available on the effective date : 03/06/2022.