Methodology Change | EQM Global Online Retail Growth Index | Effective Date 30/12/2022
Today, on the 16/12/2022, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices):
NAME |
RIC |
ISIN |
EQM Global Online Retail Growth Index NTR EQM Global Online Retail Growth Index GTR EQM Global Online Retail Growth Index PR |
.IBUYGRON .IBUYGROG .IBUYGROP |
DE000SL0CLZ4 DE000SL0CL07 DE000SL0CLY7 |
Rationale for Methodology Change
Solactive has determined that the proposed action to change the definitions of “Review Day” and “Selection Day” to be 10 business days prior the Adjustment Day and Rebalance Day respectively, will allow for more time for all parties to perform their part of the selection process. As this index currently has an ESG screen, the screening and selection process often takes longer than 5 business days and this change will ensure that rebalancing of the index does not occur hastily resulting in potential errors in the process.
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):
From:
- DEFINITIONS
(…)
“REVIEW DAY” is 5 BUSINESS DAYS before the ADJUSTMENT DAY, disregarding any potential change of the REBALANCE DAY.
“SELECTION DAY” is 5 BUSINESS DAYS before the REBALANCE DAY, disregarding any potential change of the REBALANCE DAY.
(…)
To:
- DEFINIITONS
(…)
“REVIEW DAY” is 10 BUSINESS DAYS before the ADJUSTMENT DAY, disregarding any potential change of the REBALANCE DAY.
“SELECTION DAY” is 10 BUSINESS DAYS before the REBALANCE DAY, disregarding any potential change of the REBALANCE DAY.
(…)
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.