INTERNATIONAL ECOMMERCE INDEX
A benchmark to track non-US domiciled publicly traded companies that derive significant revenue from global ecommerce, including online retail, marketplace, and travel.
The EQM International Ecommerce Index (“XBUYXT” or the “Index”) seeks to track the combined performance of a basket of non-US domiciled publicly traded companies that derive significant revenue from at least one of three international ecommerce segments: retail, travel, and marketplace. The index is equally weighted within one of two liquidity pools based on their respective average daily value traded over the last six months. Index components in the bottom 20% of liquidity will have their respective weightings reduced by 50% with the excess weight distributed equally among the remaining constituents. There is a maximum country of domicile weight of 25% per country. To achieve this country weight limitation, each Index Component’s country of domicile is identified, and the respective country weights summed. If any country has a combined weight greater than 25%, each Index Component that is domiciled in that country has its weight reduced on a pro rata basis, such that the country’s combined weight is reduced to 25%. The excess weight resulting from any country weight reduction is then redistributed equally to all the other companies in the top 80% liquidity pool.
Disclosure: The information provided on this page is for illustrative purposes only and is not intended to serve as investment advice. The information provided is as of particular time and subject to change at any time without notice.