Methodology Change | Solactive Global Core Infrastructure Low Volatility Index | Effective Date 06th August 2020
Today, on the 24 July 2020, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices‘):
Index Name |
Index RIC |
Index ISIN |
Solactive Global Core Infrastructure Low Volatility NTR AUD Index |
.SOLGCIAN |
DE000SLA2W88 |
Solactive Global Core Infrastructure Low Volatility NTR Index |
.SOLGCIUN |
DE000SLA2VB3 |
Solactive Global Core Infrastructure Low Volatility PR AUD Index |
.SOLGCIAP |
DE000SLA2W96 |
Solactive Global Core Infrastructure Low Volatility PR Index |
.SOLGCIUP |
DE000SLA2VC1 |
Solactive Global Core Infrastructure Low Volatility TR AUD Index |
.SOLGCIAT |
DE000SLA2W70 |
Solactive Global Core Infrastructure Low Volatility TR Index |
.SOLGCIUT |
DE000SLA2VA5 |
Rationale for methodology change
The Indices track the price movement in shares of global core infrastructure companies that exhibit a low volatility. The Index Universe provides a set of industries whose stocks are eligible for inclusion in the Indices, the Airlines industry being one of them. Solactive AG determined that the companies classified as Airlines do not fulfil typical attributes of traditional infrastructure companies. Therefore, stocks of such companies should not be considered for inclusion in the Index Universe. In the light of above facts, Solactive AG decided to remove Airlines industry from the list of eligible industries in the Index Universe.
Changes to the Index Guideline
The FactSet Industry “Airlines” will be removed from the eligible FactSet Industries of the “Index Universe”
Therefore, the definition of “Index Universe” in chapter 4 Definitions, will be amended as follows:
“Index Universe” in respect of a Selection Day are companies that fulfill the following criteria:
- Must be listed on a regulated stock exchange in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, United Kingdom and United States.
- Only stocks from the following FactSet Industries are considered eligible for inclusion in the index:
- Air Freight/Couriers
- Alternative Power Generation
- Electric Utilities
- Engineering & Construction
- Gas Distributors
- Major Telecommunications
- Marine Shipping
- Oil & Gas Pipelines
- Other Transportation
- Railroads
- Specialty Telecommunications
- Trucking
- Water Utilities
- Wireless Telecommunications
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.