Global Online Retail

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  • Companies need to derive at least 60% of revenues from online retail or online marketplace commerce sales.
  • The eligible companies are classified in one of two online retail business segments:
    o Online Retail: Online shopping in the form of electronic or virtual commerce which allows consumers to buy goods or services directly over the internet.
    o 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.
  • All eligible securities that demonstrate a positive year-over-year quarterly revenue percentage growth are selected. If less than 30 securities do not meet the criterion, the top 30 securities based on its year-over-year quarterly revenue percentage growth are selected.
  • The companies selected after completion of the above steps will be screened for compliance with UN Global Compact principles plus any operational business involvement in the fields of fossil fuel, oil sands or controversial weapons.
  • Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
  • Share class market capitalization of at least $250 million USD.
  • Average daily traded value of at least 1 million USD over the last six months.
  • Non-US incorporated companies will be exchange traded ADR versions if available, provided their average daily traded value is at least 75% of the locally traded listing.
  • Emerging Market incorporated companies are only eligible for inclusion in the index as an ADR version.

The daily price and return of the EQM Global Online Retail Growth Index is calculated and published by Solactive AG, a leading index developer, and calculation/publication agent for the ETP industry.

 

The EQM Global Online Retail Growth Index has been licensed as a UCITS ETF. Link coming soon.

The EQM Global Online Retail Growth Index is an EQM Indexes created index. Please email inquiries to info@eqmindexes.com.

 

Quotes for the EQM Global Online Retail Growth Index can be found each day under the symbol IBUYGRON (NTR) on Bloomberg, on Reuters as .IBUYGROG,.IBUYGROP, and .IBUYGRON, on the www.eqmindexes.com website and from other financial data providers. Quotes, returns, historical prices, and constituent weightings will also be updated daily on www.eqmindexes.com.

 

The company did not meet the selection criteria when the index was last reconstituted. Companies that now meet index selection criteria will become candidates for inclusion at the next reconstitution date.

Eligible initial public offerings will be considered for inclusion on the index’s next scheduled quarterly reconstitution date.

 

If an index component’s stock is discontinued due to a merger or acquisition, the index committee may, at its sole discretion, replace the discontinued component at the time of discontinuation if more than 30 calendar days remain until the next reconstitution date. The discontinued component will either be deleted entirely or be replaced with the next eligible security from a reserve list. The replacement will be given the appropriate weighting given the securities country of domicile. If there are not more than 30 calendar days remaining until the next reconstitution date, the index committee will wait until the next reconstitution date to make the replacement. In this scenario, any funds received from the discontinued security will be distributed to the remaining index components pro rata.

The index is rebalanced quarterly on the last Thursday of February, May, August, and November.

 

The index follows a revenue-weighting methodology. Each component is assigned an initial weight according to its year-over-year quarterly revenue growth percentage. All eligible securities that demonstrate a positive year-over-year quarterly revenue percentage growth are selected. If less than 30 securities do not meet the criterion, the top 30 securities based on its year-over-year quarterly revenue percentage growth are selected.