Methodology Change | Solactive Smart City and Smart Factory Indices | Effective Date 20/01/2023
Today, on 19 January 2023, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices‘):
NAME |
RIC |
ISIN |
Solactive Smart Factory Index NTR |
.SOLSFN |
DE000SLA7XZ7 |
Solactive Smart Factory Index PR |
.SOLSFP |
DE000SLA7XY0 |
Solactive Smart Factory Index TR |
.SOLSFT |
DE000SLA7X09 |
Solactive Smart City Index NTR |
.SOLSCNTR |
DE000SLA61F5 |
Solactive Smart City Index PR |
.SOLSCPR |
DE000SLA7XV6 |
Solactive Smart City Index TR |
.SOLSCTR |
DE000SLA7XX2 |
Rationale for Methodology Change
In order to enhance the replicability of the index and reduce the market risk, a change of the definition of Business Day will be made to also include Shanghai and Shenzhen exchanges.
Changes to the Index Guideline
The following methodology changes will be implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):
Section 4 DEFINITIONS
Old version:
“Business Day” is a day on which the New York Stock Exchange, the London Stock Exchange, the Euronext
Paris and the Tokyo Stock Exchange are open for general business.
New Version:
“Business Day” is a day on which the New York Stock Exchange, the London Stock Exchange, the Euronext Paris, the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Tokyo Stock Exchange are open for general business.
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 of the Affected Indices will be available on Solactive website on the effective date.