LONDON - Legal & General (LON:LGEN) UCITS ETF PLC, a prominent investment management company, has announced an upcoming change to one of its sub-funds, specifically the L&G Emerging Cyber Security ESG Exclusions UCITS ETF. In a recent communication to its Registered Shareholder, the company detailed that the fund's index provider, Solactive AG, will be renaming the index on which the fund is based. The change is scheduled to take effect on or around January 30, 2025.
The current index, known as the Solactive Emerging Cyber Security Index, will be rebranded as the Solactive Cyber Security Innovation Index. Consequently, the fund's name will also change, aligning with the new index name. Post-rebranding, the fund will be known as the L&G Cyber Security Innovation UCITS ETF.
This rebranding is significant for the fund, which tracks the performance of companies engaged in the cybersecurity sector. The name change reflects a shift in focus towards innovation within the cybersecurity industry. It is important to note that the renaming of the index and the fund does not necessarily indicate a change in the investment strategy or the management of the fund itself.
Investors and stakeholders can access the shareholder notice detailing these changes on the National Storage Mechanism's website and the Legal & General Investment Management (LGIM) website. LGIM has provided contact information for those seeking further details surrounding the name change.
It is important to mention that this article is based on a press release statement. The renaming of the index and the fund is a factual event, and the information provided herein is intended to inform investors and the public about the upcoming changes without speculation or promotional intent.
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