Methodology Change | Solactive Global Innovation Index | Effective Date 08/04/2021
Today, on the 06/04/2021, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’ or ‘Indices’):
NAME |
RIC |
ISIN |
Solactive Global Innovation GTR Index |
.SOLEDGET |
DE000SLA5FJ2 |
Solactive Global Innovation NTR Index |
.SOLEDGEN |
DE000SLA5FK0 |
Solactive Global Innovation PR Index |
.SOLEDGE |
DE000SLA5FL8 |
Rationale for Methodology Change
The Affected Indices provide exposure to companies that are involved in innovative and disruptive trends across a broad range of industries. The Affected Indices classify the trends in several themes and a company is eligible for inclusion if it derives its assets or revenue from one of these themes. As technological trends constantly evolve, the themes need to be reviewed on continuous basis for the adjustments.
Changes to the Index Methodology
1. Section 2.1: Index Universe Requirements
From (old version):
[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
Communication and Collaboration Content Sites, Web Search Sites and Software, Enterprise Management Software, Blockchain Technology, Cryptocurrency Mining, Cryptocurrency Trading / Exchanges, Hematological Oncology Biopharmaceuticals, Other Oncology Biopharmaceuticals, Biotechnology and Genomics (GMO/Hybrids) Products, Factory Automation Equipment, General Semiconductors, Industrial Machine Parts and Support Equipment, Processor Semiconductors, Specialized Semiconductors, Programmable Logic and ASIC Semiconductors, Household Robotics, Surgical Robotic Systems, 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, Carrier Edge Network Management Equipment, Customer Premises Network Security Equipment, Colocation and Data Center Services, Government IT Services, Network Security Access Policy Software, Network Security Software, Virtual Reality Design and Engineering Software, Home and Office Virtual Reality Software, Virtual Reality Equipment, Wireless Services, Other Network Software, Network Administration Software, Diversified Technology Hardware, General Communications Equipment and Other Communications Semiconductors.
[…]
To (new version):
[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
Communication and Collaboration Content Sites, Web Search Sites and Software, Enterprise Management Software, Blockchain Technology, Cryptocurrency Mining, Cryptocurrency Trading / Exchanges, Hematological Oncology Biopharmaceuticals, Other Oncology Biopharmaceuticals, Biotechnology and Genomics (GMO/Hybrids) Products, Factory Automation Equipment, General Semiconductors, Industrial Machine Parts and Support Equipment, Processor Semiconductors, Specialized Semiconductors, Programmable Logic and ASIC Semiconductors, Household Robotics, Surgical Robotic Systems, 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, Carrier Edge Network Management Equipment, Customer Premises Network Security Equipment, Colocation and Data Center Services, Government IT Services, Network Security Access Policy Software, Network Security Software, Wireless Services, Other Network Software, Network Administration Software, Diversified Technology Hardware, General Communications Equipment and Other Communications Semiconductors, Electronic Payment Processing, Financial and Compliance ERP Software, Commercial Bank and Credit Union Software, Insurance Software, Other Finance Industry Software, Peer-to-Peer Lending Investment Management/Brokerage Software.
[…]
2. Section: 2.2 Selection of the Index Components
From (old version):
[…]
Index Category |
Industries |
Blockchain |
Blockchain Technology Cryptocurrency Mining Cryptocurrency Trading / Exchanges |
Cloud Computing & Big Data |
Enterprise Management Software Internet Hosting Services Network Infrastructure Software Communications Infrastructure Software Data Storage Infrastructure Software Diversified IT Infrastructure Software Data Storage Drives and Peripherals Information and Disk Storage Systems Multi-Type Data Storage Hardware Makers Web Search Sites and Software General and Mixed-Type Software Productivity Software Internet Department Stores |
Cyber Security |
Carrier Edge Network Management Equipment Customer Premises Network Security Equipment Colocation and Data Center Services Government IT Services Network Security Access Policy Software Network Security Software |
Future Cars |
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 |
Genomics |
Hematological Oncology Biopharmaceuticals Other Oncology Biopharmaceuticals Biotechnology and Genomics (GMO/Hybrids) Products Diversified Bioanalytical Instruments Analytical and Bioanalytical Services Bioanalytical Consumables Genetic Molecular Diagnostic Test Kits |
Robotics & Automation |
Factory Automation Equipment General Semiconductors Industrial Machine Parts and Support Equipment Processor Semiconductors Specialized Semiconductors Programmable Logic and ASIC Semiconductors Household Robotics Surgical Robotic Systems |
Video Gaming |
Electronic Gaming/Entertainment Electronics Makers Console Games Software Index Guideline 10 Handheld and Smart Phone Games Software Online Game Websites and Software Other Games Software |
Virtual/Augmented Reality |
Virtual Reality Design and Engineering Software Home and Office Virtual Reality Software Virtual Reality Equipment |
5G |
Wireless Services Other Network Software Network Security Software Network Administration Software Network Security Access Policy Software Diversified Technology Hardware General Communications Equipment Other Communications Semiconductors |
[…]
To (new version):
[…]
Index Category |
Industries |
Fintech |
Blockchain Technology Cryptocurrency Mining Cryptocurrency Trading / Exchanges Electronic Payment Processing Financial and Compliance ERP Software Commercial Bank and Credit Union Software Insurance Software Other Finance Industry Software Peer-to-Peer Lending Investment Management/Brokerage Software |
Cloud Computing & Big Data |
Enterprise Management Software Internet Hosting Services Network Infrastructure Software Communications Infrastructure Software Data Storage Infrastructure Software Diversified IT Infrastructure Software Data Storage Drives and Peripherals Information and Disk Storage Systems Multi-Type Data Storage Hardware Makers Web Search Sites and Software General and Mixed-Type Software Productivity Software Internet Department Stores |
Cyber Security |
Carrier Edge Network Management Equipment Customer Premises Network Security Equipment Colocation and Data Center Services Government IT Services Network Security Access Policy Software Network Security Software |
Future Cars |
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 |
Genomics |
Hematological Oncology Biopharmaceuticals Other Oncology Biopharmaceuticals Biotechnology and Genomics (GMO/Hybrids) Products Diversified Bioanalytical Instruments Analytical and Bioanalytical Services Bioanalytical Consumables Genetic Molecular Diagnostic Test Kits |
Robotics & Automation |
Factory Automation Equipment General Semiconductors Industrial Machine Parts and Support Equipment Processor Semiconductors Specialized Semiconductors Programmable Logic and ASIC Semiconductors Household Robotics Surgical Robotic Systems |
Video Gaming |
Electronic Gaming/Entertainment Electronics Makers Console Games Software Index Guideline 10 Handheld and Smart Phone Games Software Online Game Websites and Software Other Games Software |
5G |
Wireless Services Other Network Software Network Security Software Network Administration Software Network Security Access Policy Software Diversified Technology Hardware General Communications Equipment Other Communications Semiconductors |
[…]
3. Section: 6 Definitions
“Index Category”
From (old version):
“INDEX CATEGORY” is any of the following: Blockchain, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Robotics & Automation, Virtual/Augmented Reality, 5G, Video Gaming
To (new version):
“INDEX CATEGORY” is any of the following: Fintech, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Robotics & Automation, 5G, Video Gaming.
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.