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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 May 2021

    Total Constituents: 101
    Constituent Name
    Ticker
    Weightings (%)
    Kering
    KER FP
    1.25
    Dsv A/S
    DSV DC
    1.21
    Nokia Oyj
    NOK1V FH
    1.18
    Deutsche Post Ag-Reg
    DPW GR
    1.17
    Cie Financiere Richemon-Reg
    CFR VX
    1.16
    Asml Holding Nv
    ASML NA
    1.15
    Lvmh Moet Hennessy Louis Vui
    MC FP
    1.14
    Lloyds Banking Group Plc
    LLOY LN
    1.13
    Societe Generale
    GLE FP
    1.13
    L'Oreal
    OR FP
    1.12
    Top 10 Total (%) 11.64
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    Index Country Weightings (%) as of 31 May 2021

    • Country

      Weightings (%)
    • France

      20.5
    • Germany

      16.8
    • United Kingdom

      15.9
    • Switzerland

      11.8
    • Netherlands

      8.0
    • Spain

      6.1
    • Italy

      4.9
    • Sweden

      4.8
    • Denmark

      3.2
    • Finland

      2.2
    • Belgium

      1.1
    • United States

      1.0
    • Ireland

      1.0
    • Norway

      1.0
    • Australia

      0.9
    • China

      0.8

    Index Sector Weightings (%) as of 31 May 2021

    • Sector

      Weightings (%)
    • Financials

      21.7
    • Industrials

      14.0
    • Consumer Discretionary

      12.5
    • Consumer Staples

      11.4
    • Health Care

      9.9
    • Materials

      8.0
    • Information Technology

      7.1
    • Utilities

      5.0
    • Communication Services

      5.0
    • Energy

      4.5
    • Real Estate

      0.9