Frankfurt(12 April 2021) – MV Index Solutions GmbH (MVIS®) will change following rulesfor all BlueStar branded Indices:
- Review schedule: Cut-off date of the capture market capand ADTV data will be changed from 1st Thursday of June and December to lastbusiness day of previous month.
- Liquidity criteria: ADTV will be changed from 6 months to 3months and reference to advisory committee will be removed for all indices aswell as maximum bid-ask spread criterion. Liquidity overlay will also use3-month ADV in all cases. All indices will adopt the standard MVIS ruledefining minimum monthly volume to enter and remain in the index.
- Exchange eligibility: The new methodology will list countrieshosting eligible exchanges, rather than listing eligible currencies and listsin investable index universe section.
- IPO Rule: Aligned with MVIS Indices rule, IPOs must have a1-month seasoning period to be eligible for entry instead of 3 months atreviews.
- Input data: Free floats language and holiday schedule will be alignedwith MVIS Indices.
Additional changes will be made to thefollowing indices:
- Investibility Criteria:
| New Rules | Old Rules | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Min. Full Mcap to enter the index | Min. Full Mcap to remain in the index | Min. Entry 3M ADTV to Enter the Index | Min. 3M ADTV to Remain in the Index | Min. 3M ADTV to Remain in the Index | Minimum Number | Min Float Mcap | Min 6M ADTV | ||
| BlueStar Asia Technology Index | $500mm | $250mm | $1mm | $500k | $750k | 15 China / 15 non-China | $500mm | $1mm | |
| BlueStar China Internet Software Index | $500mm | $250mm | $1mm | $500k | $750k | 20 | $500mm | $1mm | |
| BlueStar Data Center & Logistics Real Estate Index | $500mm | $250mm | $2mm | $1mm | $1.5mm | 40 | $500mm | $2mm | |
| BlueStar E-Commerce US Leaders Index | $1bn | $500mm | $1mm | $200k | $600k | 50 | $1bn | $1mm | |
| BlueStar Genomic Health Care Index | $300mm | $150mm | $500k | $200k | $350k | 50 | $300mm | $200k | |
| BlueStar Global GreenTech Index | $500mm | $250mm | $1mm | $200k | $600k | 75 | $500mm | $500k | |
| BlueStar Machine Learning Quantum Computing Index | $150mm | $75mm | $1mm | $200k | $600k | 70 | $150mm | $250mm | |
| BlueStar Solar Energy Index | $250mm | $150mm | $500k | $200k | $350k | 30 | $250mm | $250k | |
| BlueStar Wind Energy Index | $250mm | $150mm | $500k | $200k | $350k | 20 | $250mm | $250k | |
- SelectionProcedure:
The following Global Equity indices’ targetof investable universe is 99.0%, All eligible companies within the top 98.5% willbe selected to the index. Current components withing the top 98.5%-99.5% willremain in the index.
- BlueStar Asia Technology Index – Chinese Companies
- BlueStar Asia Technology Index – Non Chinese Companies
- BlueStar Big Data & Analytics Index
- BlueStar China Internet Software Index
- BlueStar Data Center & Logistics Real Estate Index
- BlueStar E-Brokers and Future Trading Platforms Index
- BlueStar E-Commerce US Leaders Index
- BlueStar Genomic Health Care Index
- BlueStar Global Green Tech Index
- BlueStar Machine Learning and Quantum Computing Index
- BlueStar Wind Energy Industry Index
For following Sector/Thematic Indicesadditional rule changes will be implemented:
- BlueStar Solar Energy Index and BlueStarWind Energy Industry Index: Thefollowing line will be removed from the methodology:
“Non-pure-playcompanies will also be considered if they derive 100% of their revenue fromsome combination of solar and wind energy activities but the two segments arenot broken down in company financial reports.” - BlueStar Big Data & Analytics Indexand BlueStar E-Brokers and Future Trading Platforms Index: Eligible IPOs can be added in Marchand September.
- BlueStar Travel and Vacation Index: Companies that are in the index due tohaving at least 25% revenue from a combination of theme parks and hotels willonly be removed from the index if the revenue falls below 15%.
- BlueStar 5G Communications Index andBlueStar Machine Learning and Quantum Computing Index: Reviews are made in June and Decemberand the rebalance will be effective at close on 3rd Friday of June andDecember.
- BlueStar Electric Vehicle Industry Indexand BlueStarE-Healthcare Index:The review schedule changed from 1 to 2. Investability criteria format will beupdated.
- MVIS Qatar Index: The minimum component number at reviewswill be increased to 25.
All changes willbecome effective at implementations of the Q2 2021 review.
The amended Index Guides will be availablefor download at www.mvis-indices.com.
Kind Regards,
MV Index Solutions
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