Methodology Change | Solactive Gold Miners Custom Factors Index | Effective Date 30/09/2024
Today, on the 29/08/2024, Solactive announces the following changes to the methodology of the following indices(the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
|
Solactive Gold Miners Custom Factors Index PR Solactive Gold Miners Custom Factors Index NTR Solactive Gold Miners Custom Factors Index TR |
.SOLGMCFP .SOLGMCFN .SOLGMCFT |
DE000SLA6V36 DE000SLA6V44 DE000SLA6V51 |
Rationale for Methodology Change
Solactive has determined to change the Selection and Rebalance schedule to the quarter-end-months March, June, September and December because it has been observed that within these months liquidity in the stock markets for companies active in the gold mining industry is especially high, which ensures a smoother rebalance process and in turn improves index replicability.
Changes to the Index Guideline
Section 4 Definitions
From:
[…]
The “Rebalance Day” is 5 Business Days after the Selection Day. If that day is not a Trading Day the Rebalance Day will be the immediately following Trading Day.
The “Selection Day” is the 3rd Thursday of February, May, August and November.
[…]
To:
[…]
The “Rebalance Day” is the third Friday of the months March, June, September and December. If that day is not a Trading Day the Rebalance Day will be the immediately following Trading Day.
The “Selection Day” is 5 Business Days before 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.