MV Index Solutions Announces Quarterly and Annual Index Review Results Q2/2018
FRANKFURT, Germany--(BUSINESS WIRE)--Jun 8, 2018--MV Index Solutions GmbH (MVIS®) today announced the results of the quarterly and annual MVIS index review. The following table shows a summary of the review results for selected indices, which are licensed to underlie financial products. All review results and more details can be found on www.mvis-indices.com. The following changes will be implemented on 15 June 2018 and will become effective on the next trading day.
A complete list of components and weights is available on www.mvis-indices.com. Index methodology, comprehensive index information as well as information about financial products based on MVIS Indices can also be found on our website. The next quarterly review results will be announced on 14 September 2018.
Since the rule change one year ago (Q2/2017), MVIS Global Junior Gold Miners Index had only two additions and one deletion (in total) in four reviews.
Monsanto (MON UN) was removed from the MVIS Global Agribusiness Index due to its acquisition during the recent quarter; it was the largest company in the index with a weight of 8.25% at the time of its removal. As a result, three components were added to the index in the Q2/2018 review. Such a number of additions occurred for the first time since the Q2/2017 review: at that time, five companies were added to this index, which was related to the removal of Syngenta (SYT UN) due to its acquisition.
Evraz (EVR LN) managed to be added to the MVIS Russia Index again after its removal in Q1/2017. With its addition to the index, Evraz is a component in both the MVIS Russia and the MVIS Global Steel Index.
Note to Editors:
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products.
Approximately USD 15.38 billion in assets under management are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.
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CONTACT: MV Index Solutions
Nibha Manandhar, +49 (0)69 4056 695 22
KEYWORD: UNITED STATES EUROPE NORTH AMERICA GERMANY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: MV Index Solutions
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PUB: 06/08/2018 05:00 PM/DISC: 06/08/2018 05:01 PM