Overview
Announcements

Methodology Change | Solactive BBVA MXN Risk Control Indices | Effective Date 5th December 2024

Today, on the 05/12/2024, Solactive announces the following changes to the methodology of the following index (the ‘Affected Index’):

NAME

RIC

ISIN

Solactive BBVA ixESG Lideres Globales MXN Risk Control 10% Index

.SBVESGMX

DE000SL0B1N3

Solactive BBVA Next Generation Networks MXN Risk Control 10% Index

.SBVNXGMX

DE000SL0DC23

Solactive BBVA Health & Wellness SIC MXN Hedged Risk Control 10% Index

.SBVHAWMX

DE000SL0EJP5

Solactive BBVA Cybersecurity SIC MXN Risk Control 10% Index

.SBVCYBMX

DE000SL0FFX4

Solactive BBVA Next Generation Networks SIC MXN Risk Control 10% Index

.SBVNXGHX

DE000SL0FGG7

Solactive BBVA Resource Scarcity SIC MXN Risk Control 10% Index

.SBVRESMX

DE000SL0FJ08

Solactive BBVA Top Tends SIC MXN Hedged RC 10% Index

.SBVTT1MX

DE000SL0FJZ1

Solactive BBVA Next Generation Networks SIC MXN HGD Vol Target 13% Index

.SBVNXGVT

DE000SL0JZ53

Solactive BBVA US REITs SIC MXN Hedged RC 10%

.SBVURTMX

DE000SL0HLA6

Solactive BBVA Global Infrastructure MXN Hedged Vol Target 15%

.SBVGIMVT

DE000SL0HP65

Solactive BBVA US Small Caps Select SIC MXN Hedged RC 10%

.SBVUSSMX

DE000SL0H4Z5

Solactive BBVA Energy Transition SIC MXN Hedged RC 10%

.SBVENTMX

DE000SL0JXT7

Solactive BBVA AI and VirtualReality SIC MXN Hedged RC 10%

.SBVAVRMX

DE000SL0KKK1

Solactive BBVA AI and VirtualReality SIC MXN Hedged RC 13%

.SBVAVRVT

DE000SL0LG03

 

Rationale for methodology change

Mexican TIIE transition is expected to happen in January 2025. Current TIIE reference will be substituted by a SOFR-type MXN rate. The above mentioned Indices are built with the Banxico Overnight Rate (Name: Mexican Peso Overnight Pagare, RIC: MXNPGON=RR). Solactive will modify the RC Index methodologies to change current reference by the new one (Name: MEXICAN PESO FONDEO DIARIO TIIE FUNDING RATE , RIC: MXTIIEFD=RR)

Changes to the Index Guideline

The following Methodology change is proposed in the following point of the Index Guidelines

  • Addition of a definition of a Rate Switch Date in the Definitions section. This will be the day on which the new rate becomes effective in the index calculation. The Rate Switch Date will be 5th December 2024.
  • Addition to Section 2.1. (index components), as Component 2’, with the relevant information  (Name, RIC, BBG Ticker)
  • Clarification in Section 3.1 that from the Rate Switch Date onwards, the Index Component 2’ would be used as the rate.

 

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.