Methodology Change | Solactive Global Equity Large Cap Select Index | Effective Date 06/05/2022
Today, on 03.05.2022, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
| Solactive Global Equity Large Cap Select Index NTR | .SOLGELCS | DE000SLA9LA1 |
| Solactive Global Equity Large Cap Select Index PR | .SOLGELCSP | DE000SLA9K93 |
| Solactive Global Equity Large Cap Select Index TR | .SOLGELCST | DE000SLA9LB9 |
Rationale for Methodology Change
The Affected Indices aim to represent large cap securities of selected countries. As per current index guideline of the Affected Indices, the FinEx Russian RTS Equity UCITS ETF (ISIN: IE00BQ1Y6480) (the “Fund”) is eligible for inclusion in the Index Universe as well as selected as an Index Component. The Fund is listed on the Moscow Stock Exchange. Due to the lack of access to the Moscow Stock Exchange for foreign investors, Solactive has observed higher hinderances for tradability of the Fund. The replication of the Affected Indices is no longer possible at reasonable conditions. Solactive has therefore decided to remove the Fund as an Index Component and the selection criteria will be amended accordingly.
Changes to the Index Guideline
Section 2.1 INDEX UNIVERSE REQUIREMENTS
Old version:
[…]
> Solactive US Large & Mid Cap Technology Index (ISIN: DE000SLA7Z49)
and the FinEx Russian RTS Equity UCITS ETF (ISIN: IE00BQ1Y6480) are eligible for inclusion.
The determination of the INDEX UNIVERSE is fully rule-based and the INDEX ADMINISTRATOR cannot make any discretionary decisions.
New Version:
[…]
> Solactive US Large & Mid Cap Technology Index (ISIN: DE000SLA7Z49)
are eligible for inclusion.
The determination of the INDEXUNIVERSE is fully rule-based and the INDEX ADMINISTRATOR cannot make any discretionary decisions.
Section 2.2 SELECTION OF THE INDEX COMPONENTS
Old version:
[…]
Second, all companies that are part of the United States large cap index which have a listing in the United States and are classified in the Technology sector as defined by the TRBC Sector Classification are selected as INDEX COMPONENTS.
Third, the FinEx Russian RTS Equity UCITS ETF is selected as INDEX COMPONENT.
The selection of the INDEX COMPONENTS is fully rule-based and the INDEX ADMINISTRATOR cannot make any discretionary decision.
New Version:
[…]
Second, all companies that are part of the United States large cap index which have a listing in the United States and are classified in the Technology sector as defined by the TRBC Sector Classification are selected as INDEX COMPONENTS.
The selection of the INDEX COMPONENTS is fully rule-based and the INDEX ADMINISTRATOR cannot make any discretionary decision.
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.