The Q3 2024 rebalancing was characterized by three new index components entering and none exiting the index.
Changes according to Quantitative Selection:
Western Forest Products re-entered the index as trading volume picked up significantly and average daily volume (ADV) rose above the $100’000 threshold for index inclusion.
Changes according to Qualitative selection:
Swiss developer and real estate investor Ina Invest was included in the index for the first time, as ADV rose above the $100’000 threshold. The company has an explicit strategy focusing on timber construction and reported a 50% share of timber and timber-hybrid construction in its development portfolio.
Finnish forestry equipment specialist Ponsse, another qualitative inclusion, was re-included in the index after several quarters as ADV rose above the threshold.
For additional information, please refer to the Index Rebalancing Report here.