Methodology Change | Solactive Global Luxury Select Index | Effective Date 04/04/2024
Today, on the 25/03/2024, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices):
|
NAME |
RIC |
ISIN |
|
Solactive Global Luxury Select USD Index PR |
.SOLGLXYP |
DE000SL0KKV8 |
|
Solactive Global Luxury Select USD Index NTR |
.SOLGLXYN |
DE000SL0KKW6 |
|
Solactive Global Luxury Select USD Index TR |
.SOLGLXYT |
DE000SL0KKX4 |
Rationale for Methodology Change
Solactive has determined decided to apply adjustments to the respective indices to further enhance the alignment of the selection process with its scope.
These adjustments will realign the industry selection in the index, as Solactive sees that various industries in the index do not fit the scope of the index anymore. This includes the following industries:
- Casinos and Casino Hotels
- Multi-Type Alcoholic Beverages Manufacturing
- Distilleries
Therefore, the new methodology fine tunes the structure of the global luxury sector and are in line with the index strategy, i.e. to represent companies that have business operations in from the global luxury sector.
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 2. INDEX SELECTION
From:
- Companies must fit in one eligible Index Category based on their FactSet Revere Business Industry Classification System (“RBICS”) Subindustry Classification:
|
Index Category |
RBICS Subindustry |
Subindustry Number |
|
Travel & Leisure |
Luxury Hotels and Resorts |
151010102520 |
|
Travel & Leisure |
Casinos and Casino Hotels |
151010152510 |
|
Travel & Leisure |
Winter Sports |
151010151035 |
|
Travel & Leisure |
Sporting Goods Stores |
202515151520 |
|
Travel & Leisure |
Golf Equipment |
201015201510 |
|
Premium Wear and Apparel |
Premium Wear Production |
201010151545 |
|
Premium Wear and Apparel |
Activewear and Outerwear Apparel Production |
201010151510 |
|
Premium Wear and Apparel |
Women’s Wear Stores |
202510201525 |
|
Premium Wear and Apparel |
Footwear Production |
201010152020 |
|
Premium Wear and Apparel |
Multi-Type Apparel and Accessories Production |
201010201010 |
|
Premium Wear and Apparel |
Multi-Type Apparel Production |
201010151540 |
|
Luxury Goods |
Conventional Engine Car Manufacturers |
202010151015 |
|
Luxury Goods |
Alternative Energy Car Manufacturers |
202010151020 |
|
Luxury Goods |
Jewelry and Gems Production |
201010101010 |
|
Luxury Goods |
Jewelry Stores |
202510101510 |
|
Luxury Goods |
Watches, Clocks and Related Parts Production |
201010101025 |
|
Luxury Goods |
Leather, Handbags and Luggage Goods Production |
201010101510 |
|
Luxury Goods |
Sunglasses and Prescription Frames Production |
201010101020 |
|
Premium Consumer Goods |
Multi-Type Alcoholic Beverages Manufacturing |
501515101020 |
|
Premium Consumer Goods |
Distilleries |
501515101015 |
|
Premium Consumer Goods |
Personal Care Fragrance Products |
502020201010 |
|
Premium Consumer Goods |
Skin Care Products |
502020451010 |
|
Premium Consumer Goods |
Cosmetics Manufacturing |
502020151010 |
|
Premium Consumer Goods |
Hair Care Products |
502020301010 |
|
Premium Consumer Goods |
General Personal Care and Cleaning Products Makers |
502020251010 |
To:
- Companies must fit in one eligible Index Category based on their FactSet Revere Business Industry Classification System (“RBICS”) Subindustry Classification:
|
Index Category |
RBICS Subindustry |
Subindustry Number |
|
Travel & Leisure |
Luxury Hotels and Resorts |
151010102520 |
|
Travel & Leisure |
Winter Sports |
151010151035 |
|
Travel & Leisure |
Sporting Goods Stores |
202515151520 |
|
Travel & Leisure |
Golf Equipment |
201015201510 |
|
Premium Wear and Apparel |
Premium Wear Production |
201010151545 |
|
Premium Wear and Apparel |
Activewear and Outerwear Apparel Production |
201010151510 |
|
Premium Wear and Apparel |
Women’s Wear Stores |
202510201525 |
|
Premium Wear and Apparel |
Footwear Production |
201010152020 |
|
Premium Wear and Apparel |
Multi-Type Apparel and Accessories Production |
201010201010 |
|
Premium Wear and Apparel |
Multi-Type Apparel Production |
201010151540 |
|
Luxury Goods |
Conventional Engine Car Manufacturers |
202010151015 |
|
Luxury Goods |
Alternative Energy Car Manufacturers |
202010151020 |
|
Luxury Goods |
Jewelry and Gems Production |
201010101010 |
|
Luxury Goods |
Jewelry Stores |
202510101510 |
|
Luxury Goods |
Watches, Clocks and Related Parts Production |
201010101025 |
|
Luxury Goods |
Leather, Handbags and Luggage Goods Production |
201010101510 |
|
Luxury Goods |
Sunglasses and Prescription Frames Production |
201010101020 |
|
Premium Consumer Goods |
Personal Care Fragrance Products |
502020201010 |
|
Premium Consumer Goods |
Skin Care Products |
502020451010 |
|
Premium Consumer Goods |
Cosmetics Manufacturing |
502020151010 |
|
Premium Consumer Goods |
Hair Care Products |
502020301010 |
|
Premium Consumer Goods |
General Personal Care and Cleaning Products Makers |
502020251010 |
From:
- Further, companies that are not Index Components on the Selection Day must meet the additional requirement: The business description provided by FactSet must contain at least one of the following keywords (For uniformity of case, all the sentences of the business descriptions are converted to lower case):
|
Business Description – Keywords |
|
accessories collections, car racing, cashmere, casino, cruiseline, cruises, destination, entertainment facilities, entertainment facility, entertainment show, eyewear, fashion accessories, fashion luxury, formula one, fragrance, gemstone, golf apparel, golf equipment, hotel, jewel, jewellery, jewelries, leather, lifestyle brand, luggage, luxury accessories, luxury good, luxury sport, outerwear, prestige salon, resort, sports car, sports vehicle, sunglasses, upscale perfum, vodka, watch, watches, watchmaker, whiskies, yacht |
To:
- Further, companies that are not Index Components on the Selection Day must meet the additional requirement: The business description provided by FactSet must contain at least one of the following keywords (For uniformity of case, all the sentences of the business descriptions are converted to lower case):
|
Business Description – Keywords |
|
accessories collections, car racing, cashmere, cruiseline, cruises, destination, eyewear, fashion accessories, fashion luxury, formula one, fragrance, gemstone, golf apparel, golf equipment, hotel, jewel, jewellery, jewelries, leather, lifestyle brand, luggage, luxury accessories, luxury good, luxury sport, outerwear, prestige salon, resort, sports car, sports vehicle, sunglasses, upscale perfum, watch, watches, watchmaker, yacht |
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.