Methodology Change | Solactive Future Cars Index | Effective Date 01/07/2022
Today, on the 17/06/2022, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices):
|
NAME |
RIC |
ISIN |
|
Solactive Future Cars Index Solactive Future Cars Index Canadian Dollar Hedged Solactive Future Cars Index GTR Solactive Future Cars Index NTR Solactive Future Cars Index USD Solactive Future Cars Index USD NTR |
.SOLFCAR .SOLFCARH .SOLFCART SOLFCARN .SOLFCARU .SOLCARU |
DE000SLA3WG8 DE000SLA3835 DE000SLA4ZX4 DE000SLA3WH6 DE000SLA3272 DE000SLA3280 |
Rationale for Methodology Change
Solactive has determined that the Indices provide exposure to companies working towards developing electric drivetrains, autonomous driving or network connected services for automobiles, whether directly through the development of the vehicles themselves or as part of the ecosystem supporting these initiatives.
As the Indices were developed to provide exposure to the entire supply chain of electric/autonomous vehicles, the scope of the Indices goes beyond just Electric Vehicle (‘EV’) manufacturers to include battery, fuel cell, semiconductor and auto interior supply chain companies. EV charging infrastructure is a key part of the electrification of the vehicle theme and crucial to mass adoption. In order to better reflect the thematic scope and goal of the Indices, it is proposed to add two RBICS sub-industries in the selection pool.
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 2.1.2 Index Universe Requirements
From (old version):
[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
- Alternative Energy Car Manufacturers
- Multi-Type Car Manufacturers
- Auto Interior Comfort/Safety/Electronics Products
- Fuel Cell Equipment and Technology Providers
- Heavy-Duty and High-End Batteries Manufacturing
- Video Multimedia Semiconductors
- General Analog and Mixed Signal Semiconductors
[…]
To (new version):
[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
- Alternative Energy Car Manufacturers
- Multi-Type Car Manufacturers
- Auto Interior Comfort/Safety/Electronics Products
- Fuel Cell Equipment and Technology Providers
- Heavy-Duty and High-End Batteries Manufacturing
- Video Multimedia Semiconductors
- General Analog and Mixed Signal Semiconductors
- Battery Charging Equipment Manufacturing
- Electric Vehicle Charging Stations
[…]
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.