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SOURCE S&P Dow Jones Indices
NEW YORK, Jan. 30, 2014 /PRNewswire/ -- S&P Dow Jones Indices today announced the launch of the S&P Emerging Markets Domestic Demand Index which is designed to measure the performance of companies that capture a major engine of growth within the emerging markets – domestic demand.
To qualify for membership in the S&P Emerging Markets Domestic Demand Index, a stock must be a publicly traded company domiciled and incorporated in the following emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Thailand, or Turkey, and be listed on the primary stock exchange of its respective country.
The Index consists of the following: common stocks listed on the primary exchanges of emerging markets, ADRs listed on U.S. exchanges, and GDRs listed on European exchanges. Constituents consist of 50 emerging market securities from the following sectors as classified according to the Global Industry Classification Standard (GICS®): Consumer Staples, Consumer Discretionary, Telecommunication Services, Healthcare, and Utilities.
"The S&P Emerging Markets Domestic Demand Index consists of companies whose performance is tied to the domestic demand in their respective market," says Vinit Srivastava, Senior Director at S&P Dow Jones Indices. "As most emerging market benchmarks do not capture this major engine of growth, the S&P Emerging Markets Domestic Demand Index will fill a considerable void for a representative benchmark in this space."
The S&P Emerging Markets Domestic Demand Index uses a modified market capitalization weighting scheme. Index composition is reviewed annually in September. At each September rebalancing, a company in the qualifying universe is added to the Index if it meets the following requirements: float-adjusted market capitalization of at least USD $100 million as of the September rebalancing reference date, average daily turnover of at least USD $8 million for the six months prior to the September rebalancing reference date, and has traded at least 90% of the total trading days in the six months leading up to the September rebalancing reference date.
For more information, please visit: www.spdji.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageTM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
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