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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 Dec 2021

    Total Constituents: 104
    Constituent Name
    Ticker
    Weightings (%)
    Novo Nordisk A/S-B
    NOVOB DC
    1.44
    Nokia Oyj
    NOK1V FH
    1.42
    Cie Financiere Richemon-Reg
    CFR VX
    1.42
    Asml Holding Nv
    ASML NA
    1.37
    Sika Ag-Reg
    SIKA SW
    1.37
    Lonza Group Ag-Reg
    LONN VX
    1.29
    Unicredit Spa
    UCG IM
    1.28
    Relx Plc
    REL LN
    1.23
    Equinor Asa
    EQNR NO
    1.22
    E.On Se
    EOAN GR
    1.21
    Top 10 Total (%) 13.25
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    Index Country Weightings (%) as of 31 Dec 2021

    • Country

      Weightings (%)
    • France

      19.9
    • Germany

      15.9
    • United Kingdom

      15.5
    • Switzerland

      12.3
    • Netherlands

      8.8
    • Spain

      5.3
    • Italy

      4.9
    • Sweden

      4.7
    • Denmark

      3.3
    • Finland

      2.6
    • Australia

      2.1
    • Norway

      1.2
    • United States

      1.0
    • Ireland

      1.0
    • Belgium

      0.9
    • China

      0.6

    Index Sector Weightings (%) as of 31 Dec 2021

    • Sector

      Weightings (%)
    • Financials

      21.2
    • Industrials

      14.2
    • Consumer Discretionary

      11.7
    • Consumer Staples

      11.3
    • Health Care

      10.6
    • Materials

      7.9
    • Information Technology

      7.6
    • Energy

      5.1
    • Utilities

      4.9
    • Communication Services

      4.6
    • Real Estate

      1.1