Main characteristics
| Bloomberg Code | SGCOEV1E |
|---|---|
| Inception Date | 05/03/2018 |
| Return Type | Excess Return |
| Currency | USD |
| Calculated By |
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Objective
SGI Electric Vehicle Index tracks the performance of a long strategy invested in a basket of the following commodities: Aluminum, Nickel, Copper, Zinc, Palladium, and Platinum, through the relevant underlying indices.
Mechanism
SGI Electric Vehicle Index is invested in a basket of commodities. The composition and allocation of the SGI Electric Vehicle Index is systematically adjusted on a monthly basis. A Target Weight is defined for each underlying commodity index:
- 15% for Aluminum
- 30% for Nickel
- 25% for Copper
- 10% for Zinc
- 15% for Palladium
- 5% for Platinum
The “SGI Electric Vehicle Index” is calculated by COMPASS FINANCIAL TECHNOLOGIES SA. COMPASS FINANCIAL TECHNOLOGIES SA uses its best efforts to ensure that the Index is calculated correctly. Notwithstanding its obligations towards the issuer of the financial product, COMPASS FINANCIAL TECHNOLOGIES SA has no obligation to point out errors in the Index to third parties including without limitation to investors and/or financial intermediaries. The calculation, the publication and the dissemination of the Index by COMPASS FINANCIAL TECHNOLOGIES SA does not constitute a recommendation by COMPASS FINANCIAL TECHNOLOGIES SA to invest capital in the financial product nor does it in any way represent an assurance or opinion of COMPASS FINANCIAL TECHNOLOGIES SA with regard to any investment therein. Purchasers of the financial product are made aware, and accept, that index calculations are based on large quantities of data provided by third parties and are thus susceptible to errors, interruptions and delays. This may result in errors, interruptions and delays in the Index which may have impact on the financial product.