The Index is rebalanced every quarter.
Index Value Calculation (Reconstitution and Rebalancing)
The index value is calculated as follows:
Index Value is equal to the sum total of Circulating Market Capitalization of Index Basket divided by the Index Divisor and then multiplied it by the base value of 10,000.
On the base date, the divisor is calculated based on the circulating market capitalization of all the Index Constituents.
The Index divisor is normalized during every rebalancing period by multiplying it with a normalization factor. The normalization factor is the ratio of sum total of circulating market capitalization of the new index basket to the sum total of circulating market capitalization of the old index basket.
- Review Period: Quarterly basis. The cut-off date for the review period shall be the fifteenth calendar day of March, June, September, and December.
- The effective date of the Index Reconstitution: The Index Reconstitution (Inclusion and Exclusion of the Index constituents) and Rebalancing (adjustment of the Divisor) shall be implemented on the first Business Day of the calendar months of April, July, October and January.
The change in the Index Constituents shall be announced five business days prior to the Reconstitution Date.
Please refer to the link [Index of Cryptos (IC15)] for details.