Base Date: December 31, 2007
No. of Components: 400
Minimum Market Cap: USD $100 million
Minimum Daily Avg. Liquidity: USD $500,000
Trailing 12-Mo. Liquidity:USD $50 million (aggregate)
Sector Limit: 20% (80 companies)
Country Limit:30% (120 companies)
Geographic Exposure: Asia Pacific
Rebalance Frequency: Semi-annual
Underlying Universe: Companies domiciled in the Asia Pacific region, listed in their local and U.S. exchanges
All index components are selected based on their overall MarketGrader Grade. Built on a scale between 0 and 100, our Overall Grade is based on our 24 fundamental indicators, which are broken down into four analytical categories: Growth, Value, Profitability and Cash Flow. All of our indicators and our overall grades are calculated daily for all companies under coverage.
All index constituents are equally weighted every time the index is rebalanced. No weight modifications or adjustments are made to the portfolio between rebalance periods.
All index constituents must have a minimum total market cap of USD $100 million, a minimum 3-month daily traded value of USD $500,000 and at least USD $50 million in aggregate trading volume in the trailing 12 months immediately before the index selection date. At least 20% of all index components (80 companies) must have a market cap of at least USD $3 billion.
No more than 20% of the index (80 companies) may belong to the same economic sector. REITs are altogether ineligible for selection. No more than 30% of the index (120 companies) may be domiciled in a single country.
The index is rebalanced twice a year, on the third Friday of March and September.
The MarketGrader Asia Pacific 400 Index seeks to follow the most fundamentally sound companies with the best growth prospects in the entire Asia Pacific region, the world’s fastest growing regional economic bloc. It is composed of two underlying regional indexes: the MarketGrader Developed Asia Pacific 200 and the MarketGrader Emerging Asia Pacific 200. The index was designed to offer investors who follow market cap weighted benchmarks an alternative way to capture the growth in one of the world’s most promising regional economies.
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