Methodology Change | Several Solactive Indices | Effective Date 14/07/2022
Today, on the 08/07/2022, Solactive announces the following changes to the methodology of the following indices (the ‘Affected indices):
|
NAME |
RIC |
ISIN |
|
Solactive AgTech and Food Innovation Index Solactive AgTech and Food Innovation Index GTR Solactive AgTech and Food Innovation Index PR Solactive AgTech and Food Innovation v2 Index PR Solactive AgTech and Food Innovation v2 Index GTR Solactive AgTech and Food Innovation v2 Index Solactive Solar Index Solactive Solar Index GTR Solactive Solar Index PR Solactive Solar v2 Index Solactive Solar v2 Index GTR Solactive Solar v2 Index PR Solactive Wind Energy Index Solactive Wind Energy Index GTR Solactive Wind Energy Index PR Solactive Wind Energy v2 Index Solactive Wind Energy v2 Index GTR Solactive Wind Energy v2 Index PR Solactive Global Hydrogen Index Solactive Global Hydrogen Index GTR Solactive Global Hydrogen Index PR Solactive Global Hydrogen v2 Index PR Solactive Global Hydrogen v2 Index GTR Solactive Global Hydrogen v2 Index |
.SOLKROP .SOLKROPT .SOLKROPP .SOKROP2P .SOKROP2T .SOLKROP2 .SOLRAYS .SOLRAYST .SOLRAYSP .SOLRAYS2 .SORAYS2T .SORAYS2P .SOLWNDY .SOLWNDYT .SOLWNDYP .SOLWNDY2 .SOWNDY2T .SOWNDY2P .SOLGHYD .SOLGHYDT .SOLGHYDP .SOGHYD2P .SOGHYD2T .SOLGHYD2 |
DE000SL0DNX3 DE000SL0DNY1 DE000SL0DNW5 DE000SL0D1X0 DE000SL0D1Z5 DE000SL0D1Y8 DE000SL0EBF3 DE000SL0EBG1 DE000SL0EBE6 DE000SL0D1S0 DE000SL0D1T8 DE000SL0D1R2 DE000SL0EBJ5 DE000SL0EBK3 DE000SL0EBH9 DE000SL0D1L5 DE000SL0D1M3 DE000SL0D1K7 DE000SL0DNU9 DE000SL0DNV7 DE000SL0DNT1 DE000SL0D1N1 DE000SL0D1Q4 DE000SL0D1P6 |
Rationale for Methodology Change
Solactive has determined that the shift in the rebalance date and adjustment date for the Affected indices from the 2nd Friday of the respective rebalance/adjustment months will simplify the rebalancing period and will result in fewer disruptions to these dates. Moreover, the introduction of a new “fixing date” for the Affected indices serve to combat ever-increasing market volatility over the past calendar year and will continue to serve to temper the effects of market volatility within the selection process and rebalancing/adjustment periods.
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 3.1 Ordinary Rebalance
From (old version):
[…]
This is carried out by implementing the shares as determined on the SELECTION DAY based on the weights calculated on the SELECTION DAY.
To (new version):
This is carried out by implementing the shares as determined on the FIXING DAY based on the weights calculated on the SELECTION DAY.
Section 6. Definitions
From (old version):
[…]
“Adjustment Day” means each day that occurs on the second Friday in February and August. If that day is not a Trading Day or Calculation Day the Adjustment Day will be the immediately following Trading Day.
[…]
“Rebalance Day” is the 2nd Friday in May and November. If that day is not a Trading Day or Calculation Day the Rebalance Day will be the immediately following Trading Day.
[…]
To (new version):
[…]
“Adjustment Day” is the last BUSINESS DAY in February and August. If that day is not a Trading Day or Calculation Day, the Adjustment Day will be the immediately following Trading Day.
[…]
“Rebalance Day” is the last BUSINESS DAY in May and November. If that day is not a Trading Day or Calculation Day, the Rebalance Day will be the immediately following Trading Day.
[…]
“FIXING DAY” is 10 BUSINESS DAYS before the REBALANCE DAY or ADJUSTMENT DAY, disregarding any potential change of the Rebalance Day or Adjustment Day. If that day is not a Calculation Day, the Fixing Day will be the previous Calculation Day.
[…]
Please note that an earlier typographical error in which the “adjustment day” in the Fixing Day definition above had been incorrectly referred to as “review day” has been corrected as of 07/06/2022.
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.