Description

The MSCI USA Banks 20/35 Capped Indexaims to reflect the performance of the following market: Large and mid-cap companies listed in the USA, that are classified for the industry group as banks according to the Global Industry Classification Standard (GICS) Covers approximately 85% of free-float market capitalisation Weighted by free-float adjusted market capitalization with the largest group entity in the index limited to 35% and the weight of the other entities limited to 20% with a buffer of 10% applied on these limits at each index rebalancing Reviewed on a quarterly basis and rebalanced at the end of any day on which the 35% and 20% limits (without the buffer) are breached Additional information on the index, selection and weighting methodology is available at https://www.msci.com