ESMA_QA_1168
Topic
UCITS eligible assets and investment restrictions
24/03/2014
Subject Matter
KIID Financial indices
Question
Paragraph 54 of the guidelines prohibits investment in financial indices which rebalance on an intra-day or daily basis but notes that technical adjustments made to financial indices (such as leveraged indices) according to publicly available criteria should not be considered as rebalancing in the context of the guidelines. What is meant by “technical adjustments”?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1167
Topic
Disclosures
24/03/2014
Subject Matter
KIID Financial indices
Question
According to the guidelines, index components’ weightings should be published after each re-balancing on a retrospective basis. What is the timetable for such publication?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1166
Topic
Disclosures
24/03/2014
Subject Matter
KIID Financial indices
Question
Paragraph 56 of the guidelines recommends that all levels of an index should be subject to transparency requirements. What does this mean?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1165
Topic
UCITS eligible assets and investment restrictions
24/03/2014
Subject Matter
KIID Financial indices
Question
Do the guidelines on financial indices apply only to index-tracking UCITS?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC
ESMA_QA_1164
Topic
Disclosures
24/03/2014
Subject Matter
KIID Financial indices
Question
Do the guidelines on financial indices also apply to UCITS that only use financial indices as performance benchmark?
Level 1 Regulation
Undertakings for Collective Investment in Transferable Securities Directive (UCITS) Directive 2009/65/EC