Methodology Change | Solactive Global Benchmark Series | Effective Date 01/04/2022
Today, on the 24/09/2021, Solactive announces the following changes to the methodology of the Global Benchmark Series. The change will become effective on April 1st, 2022.
Rationale for methodology change
The Global Benchmark Series was designed to cover all companies listed on eligible exchanges in the developed and emerging market countries that fulfil the liquidity criteria outlined in the guideline document and to provide a broad representation of the global equity market. Consequently, Solactive is continuously monitoring the eligibility of all exchanges and whether new exchanges should be incorporated into the selection process to better represent the underlying equity market.
Solactive has determined to add the NEO Exchange to the list of eligible exchanges in Canada. Considering the client feedback received during the market consultation, the inclusion will be implemented with the index rebalancing in May 2022 instead of the index rebalancing in November 2021 (as previously announced in the market consultation).
Changes to the Index Guideline
The Methodology changes are implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):
The eligible exchanges for the Canada stated under Section 7 “List of eligible exchanges” of the index guideline will be changed from:
[…]
Country Name |
Stock Exchange |
Canada |
Toronto Stock Exchange |
[…]
to
[…]
Country Name |
Stock Exchange |
Canada |
Toronto Stock Exchange |
NEO Exchange |
[…]
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.