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TEET
VanEck Vectors European Equal Weight UCITS ETF

Index Description

The Solactive European Equity Index tracks the performance of a selection of the top 100 shares from European developed markets. It is an equally weighted index with a 20% country cap. 

Index Key Points

Underlying Index
Solactive European Equity Index GTR (TGLOTETR)

Index composition
The index has the followings specifications:

• The index tracks the performance of a selection of the top 100 shares from European developed markets. The selection model filters the shares according to a liquidity threshold of EUR 10 million 6-month ADV and includes subsequently the top ranked shares based on free-float adjusted market capitalization. It is an equally weighted index.

Starting with a FactSet Universal Screening:

• Screen for securities that have a primary listing in one of the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and United Kingdom.
• Filter out any shares which are not ordinary, preferred or Depositary Receipts.
• Filter out any Limited Partnerships.
• Remove all securities with a 6-month ADV (as sourced from FactSet) below EUR 10 million.
• For each company keep only the most liquid share line and most liquid listing.
• The maximum weight of a country at the time of review is 20%.
• The index is reviewed annually on the third Tuesday of March.

     

    Index Provider

    Solactive

     

    Download Index Methodology

    Index Information

    • Index Provider

      Solactive
    • Index Type

      Total Return
    • Currency

      EUR
    • Inception Date

      01 Oct 2014
    • Reconstitution Frequency

      Annually
    • Bloomberg Ticker

      TGLOTETR
    • Reuters Ticker

      .TEETTR

    Index Top 10 Constituents (%) as of 31 Mar 2021

    Total Constituents: 101
    Constituent Name
    Ticker
    Weightings (%)
    Volkswagen Ag-Pref
    VOW3 GR
    1.22
    Asml Holding Nv
    ASML NA
    1.12
    E.On Se
    EOAN GR
    1.09
    Bayerische Motoren Werke Ag
    BMW GR
    1.09
    Deutsche Telekom Ag-Reg
    DTE GR
    1.09
    Vestas Wind Systems A/S
    VWS DC
    1.07
    Compagnie De Saint Gobain
    SGO FP
    1.05
    Barclays Plc
    BARC LN
    1.05
    Ericsson Lm-B Shs
    ERICB SS
    1.05
    Akzo Nobel N.V.
    AKZA NA
    1.04
    Top 10 Total (%) 10.87
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    Index Country Weightings (%) as of 31 Mar 2021

    • Country

      Weightings (%)
    • France

      20.1
    • Germany

      17.4
    • United Kingdom

      16.0
    • Switzerland

      11.8
    • Netherlands

      8.0
    • Spain

      5.8
    • Italy

      5.0
    • Sweden

      5.0
    • Denmark

      3.1
    • Finland

      2.0
    • Belgium

      1.0
    • United States

      1.0
    • Norway

      1.0
    • Ireland

      1.0
    • China

      1.0
    • Australia

      0.9

    Index Sector Weightings (%) as of 31 Mar 2021

    • Sector

      Weightings (%)
    • Financials

      21.6
    • Industrials

      14.0
    • Consumer Discretionary

      12.2
    • Consumer Staples

      11.2
    • Health Care

      10.0
    • Materials

      7.9
    • Information Technology

      7.1
    • Communication Services

      5.1
    • Utilities

      5.1
    • Energy

      4.8
    • Real Estate

      1.0