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:
- Online Retail – online shopping in the form of electronic or virtual commerce which allows consumers to buy goods or services directly over the internet.
- Online Travel – online booking of travel or travel-related services over the internet.
- 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.