Examples of Index Objective in a sentence
Only in instances where such recommendation is not in line with the Index Objective it will be neglected by the Index Administrator.
Index Objective: The index measures the performance of the underlying index, excluding those constituents with low liquidity and employing an alternative weighting scheme as defined below.
The Index Sponsor shall have discretion to make any changes to the rules governing the design and calculation of the Index which it determines to be necessary in order to ensure that the Index complies with the Index Objective.
If the Investment Universe is no longer suitable to pursue the Index Objective, the Index Sponsor may change the Investment Universe in such a way that a substantially unchanged tracking of the Index Objective remains possible.
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If pursuing the Index Objective requires a change in the Index Rules due to (i) a significant change in the relevant regulatory or legal framework or taxation, (ii) a significant change in case law, or (iii) substantially changed market circumstances, the Index Sponsor shall amend the Index Rules in its reasonable discretion (§ 315 BGB) in such a way that a substantially unchanged pursuance of the Index Objective remains possible.
The Index Sponsor has the right to change the rules of the Index, subject to Index amendment procedures described in Section 2.1. The Index Sponsor and the Calculation Agent make no representation or warranty that the Index will achieve the Index Objective.
To pursue the Index Objective, the Index Value (as defined in section 6) is determined based on the Closing Prices (as defined below) of the Basket Constituents taking into consideration their respective Target Weights (as defined in section 3.2.1), the Participation Rate and by subtracting the index fee of 2.1% p.a. (as defined in section 6).The Index Calculation Agent calculates the Index Value in the Index Currency on each Index Calculation Day at the Calculation Time.
The Index Calculation Agent may undertake an extraordinary reweighting pursuant to the procedure described in section 3.2 if changes in market conditions have a significantly negative effect on achieving the Index Objective.
Such a change in the Index Rules shall not have a significant adverse effect on the economic position of the holders of financial products linked to the Index.In the case of an Fund Event, Index Event or other serious circumstances, the affected In- struments are replaced by constituents of an economically equivalent asset class and/or in- vestment strategy if pursuing the Index Objective is significantly affected by the Fund Event, Index Event or the other serious circumstances.