I think this question should be directed to tghe company responsible for compiling the components of the Solactive Index (not Global X). As I understand it this is a German company more details are here.
More information on their uranium index (SLX are a component of this) can be found here.
Regarding the 1% this is simple the market cap of SLX as a proportion of the market cap of all the companies on the Solactive index; no human quantification is involved.
Global X Uranium ETF, page-24
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Last
$3.54 |
Change
-0.010(0.28%) |
Mkt cap ! $838.5M | |||
| Open | High | Low | Value | Volume |
| $3.53 | $3.55 | $3.47 | $1.894M | 538.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1015 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 271 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SLX (ASX) Chart |