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GLOBAL ONLINE RETAIL AND E-COMMERCE INDEX CRITERIA

CONSTITUENT ELIGIBILITY REQUIREMENTS

In order to be eligible for inclusion in the index, companies must meet the following conditions:

  • Global companies with significant business operations in one of three online retail business segments:

    1. Online Retail – online shopping in the form of electronic or virtual commerce which allows consumers to buy goods or services directly over the internet.
    2. Online Travel – online booking of travel or travel-related services over the internet.
    3. Online Marketplace – online platform in which consumer transactions are processed by the marketplace operator and then delivered and fulfilled by participating retailers, restaurants, or wholesalers.

  • At least 65% of revenues or a minimum of $90 billion in annual retail sales should be derived from online and/or virtual business transactions.
  • Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
  • Free-float market capitalization of at least $300 million USD.
  • Minimum free float of 20%.
  • Average daily traded value of at least $2,000,000 USD over the last six months.
  • Adequate constituent liquidity and accessibility for an exchange listed product as determined by the EQM Indexes LLC.
  • China shares only eligible for inclusion as ADR or Hong Kong-listed versions, utilizing the Hong Kong-listed version if available.
  • India shares only eligible for inclusion as ADR-listed versions.
  • On list of Emerging Market exchanges eligible for local shares.
  • Maximum of 100 names, ranked by free-float market capitalization, eligible if they meet all other inclusion criteria.