Methodology Change | Solactive Emerging Markets Consumer Technology Index | Effective Date 01/12/2023
Today, on the 24/11/2023, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices):
NAME |
RIC |
ISIN |
Solactive Emerging Markets Consumer Technology Index (GTR) |
.SOLEMCT |
DE000SLA3017 |
Solactive Emerging Markets Consumer Technology Index (PR) |
.SOLEMCTP |
SOLEMCTP0000 |
Rationale for Methodology Change
Solactive has determined that the proposed changes to the Affected Indices will vastly improve the thematic scope of the index by providing a comprehensive initial universe for the index. The addition of a Headquarter Country screen to complement the Country of Top Geographic Revenue screen will provide a larger, more relevant starting universe. The addition of the industries/subindustries below will also provide the index with exposure to the growing Semiconductor Market. With the consistent change that takes place with emerging markets consumer technology companies, it is imperative that we review the initial index universe on a regular basis to ensure that new entrants that emerge within the thematic landscape are captured within the initial universe screening.
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 4- Definitions
From:
(…)
Top country of revenue in any of the emerging markets countries, classified according to the Solactive Country Classification Framework.
(…)
To:
(…)
Headquartered in any of the emerging markets countries OR Top Country of Revenue in any of the emerging market countries, classified according to the Solactive Country Classification Framework.
(…)
Addition of the following RBICS Industries/Subindustries:
Subindustry 551020252010 Semiconductor Foundry Services
Subindustry 551030151010 Volatile Memory Semiconductors
Industry 5010151030 Internet Department Stores
(…)
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.