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New rebalancing universe for the SGI Pan Africa Indices

21

JUL
2016

On the 21st of July 2016, SGI, the Index Sponsor, advised that in order to ensure orderly rebalancing of the SGIXPA, SGIXPAE, SGIXPAP, SGIXPAPE Indices, it would be more operationally efficient to execute the quarterly rebalancing with a new universe defined as follows:

 

  • North Africa: components of the S&P North Africa 15 Index listed in Morocco and in Egypt.
  • Sub-Saharan Africa: components of the S&P All Sub-Saharan Africa ex-South Africa Index listed in developed countries.
  • South Africa: components of the S&P South Africa 50 Index.

 

The Index Sponsor instructed the Index Calculation Agent to implement the change with effect from July 26th, 2016 rebalancing and determined that these modifications were necessary in order to smooth the rebalancing process.