The current reference index for the db x-trackers FTSE China 25 UCITS ETF is to change from tracking the performance of 25 stocks to tracking 50 stocks.
According to the index provider FTSE China Index Limited, there has been a substantial increase in the number of securities comprised in the eligible universe of companies that are freely accessible to international investors.
The index provider has decided to extend the reference index in response to this market evolution and in order to make the reference index more representative of the market.
The name of the exchange-traded fund is being adapted to reflect this change and the ETF will in future be known as the FTSE China 50 Index.
The changes will be implemented after the close of trading on 19 September 2014, and will be effective from the opening of business on 22 September 2014. The weights of the constituents will be migrated in a phased approach over three monthly reviews starting on 22 September 2014 and ending on 24 November 2014.
Further to a notice dated 4 June 2014, the investment policy of the sub-fund will change during the course of 2014 from being an indirect investment policy (also known as synthetic replication) to a direct investment policy (also known as physical replication).