Ofi Invest Energy Strategic Metals I
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Exceptional rebalancing of the Ofi Invest Energy Strategic Metals fund index
The Ofi Invest Energy Strategic Metals fund provides exposure to the performance of metals considered critical to the energy transition. The fund is compliant with European UCITS regulations, which require that such exposure be achieved through the replication of an index that complies with diversification rules.
Under the regulations, if market movements cause one or more components of the index to exceed the diversification limits, an immediate rebalancing of the weights to the latest levels set by the Investment Committee is mandatory. These rules are statutory and are detailed in the index methodology, available here.
The recent sharp increase in the price of silver has caused its weight, initially set at 16% by the Investment Committee, to exceed the regulatory limit of 20% overnight. As a result, an exceptional rebalancing process will be initiated at today’s close, December 24, 2025.
As specified in the index methodology, this rebalancing will take place over a 10-day period and will be completed on January 9, 2026.
The index rules also stipulate that when an exceptional rebalancing is underway during a period in which a regular rebalancing was scheduled, the regular rebalancing is cancelled. This is the case here. Accordingly, in line with the index methodology, the rebalancing that was due to begin after market close on December 31 has been cancelled.
This scheduled rebalancing was intended to implement the latest decisions of the Investment Committee, which met on November 23, 2025, as set out in the minutes published on our website and in accordance with the index rules. In particular, the Committee had decided to increase the weight of platinum in the index from 10% to 16% and to reduce the weight of zinc from 10% to 4%.
As the rebalancing planned to begin on December 31 has been statutorily cancelled, these changes cannot be implemented before the next rebalancing, which will take place no later than March 31, 2026, or earlier in the event of another exceptional rebalancing.
Until then, the weightings applied will remain those in effect since the beginning of 2025.
While all of these rules are statutory, we wished to inform you given the unusual nature of this specific aspect of the index’s operation.
You will find Solactive’s publication on this exceptional rebalancing here.