Methodology change | Solactive Germany 30 Index | Solactive Germany 30 Equal Weight Index | Solactive Germany 30 Equal Weight NTR 5% AR Index | Effective Date 15/08/2019
Today, on the 15/08/2019, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):
NAME | INDEX RIC | INDEX ISIN |
Solactive Germany 30 Index PR | .SDE30P | DE000SLA7XN3 |
Solactive Germany 30 Index NTR | .SDE30N | DE000SLA7XP8 |
Solactive Germany 30 Index TR | .SDE30T | DE000SLA7XQ6 |
Solactive Germany 30 Index (CH NTR) | .SDE30CN | DE000SLA8H99 |
Solactive Germany 30 Equal Weight Index PR | .SDE30EP | DE000SLA7XR4 |
Solactive Germany 30 Equal Weight Index NTR | .SDE30EN | DE000SLA7XS2 |
Solactive Germany 30 Equal Weight Index TR | .SDE30ET | DE000SLA7XT0 |
Solactive Germany 30 Equal Weight NTR 5% AR Index | .SOGERMAN | DE000SLA7XU8 |
Rationale for methodology change
Solactive has determined that the current definition of the Index Universe in the Affected Indices is not precise enough, therefore the following changes are made to make it more precise. The changes have no impact on the Index Composition.
Changes to the Index Guideline
The wording of the definition of “Index Universe” in Section 4 of the Index Guideline will be replaced by the following wording:
“The “Index Universe” in respect of a Selection Day are companies that fulfill the following criteria:
- Member of the latest selection of the Solactive GBS Germany Large & Mid Cap Index (DE000SLA3397) and the Solactive GBS Germany Small Cap Index (ISIN: DE000SLA34M8)
- Only securities listed on the XETRA Stock Exchange are eligible for inclusion
- Only securities trading in EUR are eligible for inclusion
- Only one share class of each company is eligible for inclusion in the Index Universe. To avoid frequent changes between two share-classes of a company, Solactive AG applies a liquidity buffer rule:
- If the company is currently included in the Index: The share class currently included in the Index will be eligible for the Index Universe if its Average Daily Value Traded over the preceding 1-month and 6-month period (the “ADV”) is at least 75% of the ADV of any other share class of the company
- If the company is currently not included in the Index: The share class with the highest ADV is included in the Index Universe”
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.