State Street ETFs to track Solactive´s global benchmark indices
Solactive announced that State Street Global Advisors to use Solactive indices as underlying for five members of the SPDR ETF family.
The indices tracked are part of our newly launched global benchmark series. Each index covers the top 85% of the corresponding equity market in terms of free float market capitalization. The consideration of strict liquidity criteria ensures the tradability of the assets linked to each benchmark index.
They are rebalanced on a semi-annual basis in May and November with additional IPO reviews in February and August. Buffer rules are applied to prevent undesired high index turnover. They are weighted by free-float market capitalization and are calculated in US-dollar.