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Rating:A Global X Fund's Index Adjusts Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 20, 2013

A Global X Fund's Index Adjusts

by: Jay Kim

Global X Funds' [profile] Uranium ETF invests at least 80 percent of its total assets in the securities of the Solactive Global Uranium Index. On September 18, Solactive AG, the sponsor of the Solactive Global Uranium Index, announced changes to the index methodology. Index adjustments reflecting the revised methodology will be made after the close of trading on October 2, 2013.

The weighting scheme, selection of index components, and selection pool have been revised to not only account for companies that derive a significant percentage of revenues from activities related to the uranium industry, but also companies that generate large absolute revenues from activities related to the uranium industry.

Companies are now ranked by free float market cap, rather than average daily trading volume. The composition of the Index is now ordinarily adjusted once a year on the last business day in July, rather than twice a year. [SEC Filing

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