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.