Methodology Change | Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged | Effective Date 28/07/2020
Today, on the 24/07/2020 Solactive announces the following changes to the methodology of the following Index (the ‘Affected Index):
|
NAME |
RIC |
ISIN |
|
Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged |
.SOLGBMEH |
DE000SLA30T1 |
Rationale for methodology change
Solactive has determined to replace the existing Underlying Index by a new Underlying Index, in order to align the Affected Index with a more accurate strategy in terms of forex valuation, to reflect a closer behavior as per market’s standards, and to be in line our latest Methodology Change.
The new Underlying Index is valuated using WM 4:00 PM London time Forex Fixing, which aligns with our previous announcement where we amended the Affected Index to be valued with the same Forex Fixing(WM 4:00 PM London time).
Changes to the Index Guideline
Section 6. DEFINITIONS
From (old version):
The “Underlying Index” is the Solactive Equal Weight Global Base Metals Index.
To (new version):
The “Underlying Index” is the Solactive Equal Weight Global Base Metals 2 Index .
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.