Methodology Change | Solactive Equal Weight US Bank Index | 10th October 2018
Today, on 19th September 2018, Solactive announces the following changes to the methodology of the Solactive Equal Weight US Bank Index (DE000SLA1JP0).
According to the current index guideline the index universe refers (inter alia) to RBICS Industry Groups defined as “Finance, US Banks, US Commercial Banks, US Commercial Savings Institutions”. Due to amendments in the classification of FactSet the definition in the index guideline needs to be adjusted.
The Definition of “Index Universe” 4 shall be amended as follows:
Subsection 4: “4. Classified under any of the following RBICS Industry Groups: Finance, US Banks, US Commercial Banks, US Commercial Savings Institutions” shall be replaced with “4. Classified under any of the following RBICS Industry Groups: United States Commercial Banks, United States Savings Institutions, Diversified Investment”
Solactive AG’s Oversight Committee is of the opinion that the suggested methodology changes do not compromise the index’ integrity and comparability. The changes were deemed non-material by Solactive’s Oversight Committee.
The index guideline will be modified accordingly and the changes will be effective on 10 October 2018. The new index guideline will be available on this date.