AR/VR VIRTUAL TECHNOLOGY INDEX FAQs - EQM Indexes
AR/VR VIRTUAL TECHNOLOGY INDEX FAQs2018-06-29T12:20:37+00:00

AR/VR VIRTUAL TECHNOLOGY INDEX

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The index selection process selects equities for the selection pool provided by Tactile Analytics that meet the following conditions as determined by EQM Indexes:

Securities are selected based on the following criteria:

  • Companies that derive a portion of their company revenues from the virtual reality (VR), augmented reality (AR), or mixed reality (MR) industries/segments or have stated that part of their business is in products and services focused on the above industries/segments are eligible for inclusion in the index.
  • Companies that have demonstrated these industries/segments to be growth focus areas through internal R&D investments, joint ventures, partnerships and/or acquisitions are eligible for inclusion in the index. In addition, companies with diversified revenue streams that:

    (1) are identified as critical to the AR/VR ecosystem,
    (2) have a distinct business unit focused on AR/VR products and services, and/or
    (3) have a core competency that is expected to also benefit from the increased adoption of AR/
    VR technologies are eligible for inclusion in the index.

  • Companies must trade on a developed market exchange and have a minimum market
    capitalization of $100 million. Constituents should have a median daily trading volume of at least $2 million for the six-month period preceding the data analysis date OR a minimum free float equivalent to 10% of shares outstanding.
  • The stock must have traded on 90% of the eligible trading days in the last 6 months. In case
    a security does not have a trading history of 6 months (e.g., IPOs), such a security must have started trading at least 3 months before the start of the data analysis date and should have traded on 90% of the eligible trading days for the past 3 months.
  • Securities considered include common stocks, American Depositary Receipts (ADRs) and Global
    Depositary Receipts (GDRs). In the case that multiple classes exist, ADRs will be preferred for inclusion. Who calculates and publishes the daily return of the index?

The daily price and return of the EQM Tactile AR/VR Virtual Technology Index (ARVRIDX) is calculated and published by Solactive AG.

Information about an ETF that tracks the index can be accessed at: TBD.

The EQM Tactile AR/VR Virtual Technology Index (ARVRIDX) is licensed by Eve Capital LLC. Please email inquiries to info@evecapital.com.

Quotes for the EQM Tactile AR/VR Virtual Technology Index can be found each day under the symbol ARVRIDX on Bloomberg, on Reuters as .ARVRIDX and from other financial data providers.

The company did not meet the selection criteria when the index was last reconstituted. Companies that now meet index selection criteria will become candidates for inclusion at the next annual reconstitution date.

In case a security does not have a trading history of 6 months (e.g., IPOs), such a security must have started trading at least 3 months before the start of the data analysis date and should have traded on 90% of the eligible trading days for the past 3 months.

If an index component’s stock is discontinued due to a merger or acquisition, the index committee may, at its sole discretion, replace the discontinued component at the time of discontinuation if more than 30 calendar days remain until the next reconstitution date.  The discontinued component will either be deleted entirely or be replaced with the next eligible security from a reserve list.  The replacement will be given the appropriate weighting given the securities country of domicile. If there are not more than 30 calendar days remaining until the next reconstitution date, the index committee will wait until the next reconstitution date to make the replacement.  In this scenario, any funds received from the discontinued security will be distributed to the remaining index components pro rata.

The composition of the Index is ordinarily adjusted four times per a year at the close of trading on the second Tuesday in June, September, December, and March. If this happens to be no Business Day the adjustment is conducted on the preceding Business Day.