Pursuant to the consultation
issued on 19 February 2021, IHS Markit Benchmark Administration Limited (IMBA UK) has reviewed all stakeholder feedback and will implement the proposed changes to the classification schema for the EMIX Index Family.
As part of this change, all constituents of the EMIX Index Family will be classified based on the IHS Markit Industry Classification (IMIC)
schema. Sector indices, however, will continue to be based on the EMICS schemas as per the mapping matrices made available as part of the consultation. In addition, all EMIX Index Family index names will be appended with the text “(EMICS)” to indicate that the indices are based on the legacy EMICS schemas.
As indicated in the mapping matrices, two legacy sub-sectors: Heavy Engineering and Diversified Financials have no relevant mapping to the new IMIC schema. The sub-indices associated with these two sub-sectors will be discontinued.
The changes will be implemented in conjunction with the quarterly index rebalancing on 22 March 2021. For clients interested in assessing the impact, the changes are reflected in the pro-forma rebalancing files issued starting on 15 March 2021.
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