Index Methodology Hub
Profile fields by outline item
FieldValueSource textReading (model)
G1 Scope, precedence and principles · 12 fields
Classification categories Developed, Emerging, Frontier
Based on the framework presented below, countries can be classified as Developed, Emerging or Frontier.Open p.3 ↗
Countries are classified as Developed, Emerging or Frontier.
Single category rule Yes
Countries can only be classified under one category of market development i.e. a country classified as Developed cannot be Emerging or Frontier.Open p.3 ↗
Each country may be classified under only one market-development category.
Frontier classification rule Countries not classified as Developed or Emerging may be considered for Frontier classification.
All countries that do not fall into Developed or Emerging markets according to the above framework, may be considered for classification as Frontier.Open p.3 ↗
A country that does not fall into the Developed or Emerging category under the framework may be considered as Frontier.
Annual review frequency 1 reviews per year
Solactive reviews its Market Classification on an annual basis in September.Open p.3 ↗
Solactive reviews market classifications annually in September.
Review month September
Solactive reviews its Market Classification on an annual basis in September.Open p.3 ↗
The annual market-classification review takes place in September.
Reclassification effective timing Selection Days in April of the following year
Following a consultation period, and unless otherwise stated in the specific Index Guidelines, the new Market Classification will become effective as of Selection Days in April of the following year.Open p.3 ↗
After consultation, a new classification generally becomes effective on Selection Days in April of the following year, unless specific Index Guidelines state otherwise.
Extraordinary review rule Extraordinary committee meetings may be held between annual reviews in response to extraordinary events that could lead to reclassification.
Intra-annual extraordinary committee meetings will be held to respond to extraordinary events leading to a potential reclassification in between review periods.Open p.3 ↗
Intra-annual extraordinary committee meetings address extraordinary events that may require reclassification between scheduled reviews.
Reclassification consideration rule Countries that previously met the binding criteria but no longer meet them at the latest annual review are considered for reclassification.
Countries that used to meet the binding criteria but that do not so at the time of the most recent annual review are considered for reclassification.Open p.3 ↗
Failure to meet previously satisfied binding criteria at the most recent annual review makes a country eligible for reclassification consideration.
Covered indices Markets, Countries
This guideline outlines the Solactive framework used to classify markets according to common economic, financial and institutional characteristics and to assess the respective levels of market development.Open p.3 ↗
The framework classifies markets and countries by market development, rather than specifying particular indices.
Precedence rule Specific Index Guidelines may state otherwise; otherwise the reclassification timing rule applies to Selection Days in April.
Following a consultation period, and unless otherwise stated in the specific Index Guidelines, the new Market Classification will become effective as of Selection Days in April of the following year.Open p.3 ↗
Specific Index Guidelines may override the stated effective timing; absent such wording, the framework's rule applies.
Principles common economic characteristics, common financial characteristics, common institutional characteristics, market development assessment
classify markets according to common economic, financial and institutional characteristics and to assess the respective levels of market development.Open p.3 ↗
The framework is guided by common economic, financial and institutional characteristics and the assessment of market development levels.
Administrator Solactive AG
Solactive AG German Index Engineering Platz der Einheit 1 60327 Frankfurt am Main GermanyOpen p.9 ↗
Solactive AG is the provider issuing the country classification framework.

Open points · 10Model-written, for reference

  1. 1No printed rulebook version label was found.
  2. 2No explicit effective date for the guideline or a version was found.
  3. 3The detailed country-classification criteria table referenced in the overview text was not included in the supplied body text.
  4. 4Not coveredG2 Calculation and publication: not covered by this edition
  5. 5Not coveredG3 Prices and market data: not covered by this edition
  6. 6Not coveredG4 Corporate events: not covered by this edition
  7. 7Not coveredG5 Shares, free float and weight factors: not covered by this edition
  8. 8Not coveredG6 Disruption, emergencies and corrections: not covered by this edition
  9. 9Not coveredG7 Review and constituent changes: not covered by this edition
  10. 10Not coveredG8 Governance, changes and termination: not covered by this edition

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