Examples of Benchmark Index in a sentence
Under Euronext Paris SA’s rules trading in the Sub-fund’s shares is also subject to a ‘reservation threshold’ of 1.5% above or below the Sub-fund’s indicative net asset value or “iNAV” (see the “Indicative Net Asset Value” section), as published by Euronext Paris SA and updated on an estimated basis during trading in accordance with the change in the Benchmark Index.
Benchmark Index The Trustee / AMC reserve the right to change the benchmark for evaluation of performance of the Scheme from time to time in conformity with the investment objective and appropriateness of the benchmark subject to the SEBI Regulations and other prevailing guidelines.
To achieve the highest possible correlation with the performance of the Benchmark Index, the Sub-fund will employ an indirect replication method, which means that it will enter into one or more OTC swap contracts enabling it to achieve its investment objective.
In the event that a Sub-Fund invests in ADRs or GDRs in the circumstances set out above, the Sub-Fund’s tracking of the Index may be impacted, i.e. there is a risk that the Sub-Fund’s return varies from the return of the Benchmark Index.
The obligations of the Sub-fund’s Market Makers will be suspended in the following cases:- the Benchmark Index is no longer traded or calculated- if trading is substantially disrupted, for example due to a widespread shift in prices or an event that makes normal market making impossible.