Methodology Change | Solactive Disruptive Materials Index | Effective Date 23/01/2023
Today, on the 16/12/2022, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices):
|
NAME |
RIC |
ISIN |
|
Solactive Disruptive Materials Index PR Solactive Disruptive Materials Index NTR Solactive Disruptive Materials Index GTR Solactive Disruptive Materials Index Solactive Disruptive Materials v2 Index PR Solactive Disruptive Materials v2 Index NTR Solactive Disruptive Materials v2 Index GTR Solactive Disruptive Materials v2 Index |
.SOLDMATP .SOLDMATN .SOLDMATT .SOLDMAT .SODMAT2P .SODMAT2N .SODMAT2T .SOLDMAT2 |
DE000SL0EWX2 DE000SL0EW02 DE000SL0EWZ7 DE000SL0EWY0 DE000SL0EW51 DE000SL0EW85 DE000SL0EW77 DE000SL0EW69 |
Rationale for Methodology Change
Solactive has determined that the proposed action to change the Rebalance Day/Adjustment Day from the “third Friday in January, April, July, and August” to the “third Wednesday in January, April, July and October” will ensure the efficacy of the selection/review process by allowing to have some working days immediately after the Rebalance Day/Adjustment Day for any technical issues that may occur. Moreover, between actual Selection Day and Rebalance Day there is Good Friday, which may cause some delays in the delivering of the results.
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):
From:
- DEFINITIONS
(…)
“ADJUSTMENT DAY” is the third Friday in January and July. If that day is not a TRADING DAY or CALCULATION DAY the ADJUSTMENT DAY will be the immediately following TRADING DAY.
(…)
“REBALANCE DAY” is the third Friday in April and October. If that day is not a TRADING DAY or CALCULATION DAY the REBALANCE DAY will be the immediately following TRADING DAY.
(…)
To:
- DEFINIITONS
(…)
“ADJUSTMENT DAY” is the third Wednesday in January and July. If that day is not a TRADING DAY or CALCULATION DAY the ADJUSTMENT DAY will be the immediately following TRADING DAY.
(…)
“REBALANCE DAY” is the third Wednesday in April and October. If that day is not a TRADING DAY or CALCULATION DAY the REBALANCE DAY will be the immediately following TRADING DAY.
(…)
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.