ONLINE RETAIL INDEX CRITERIA - EQM Indexes
ONLINE RETAIL INDEX CRITERIA 2017-09-23T16:03:05+00:00

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ONLINE RETAIL INDEX CRITERIA

CONSTITUENT ELIGIBILITY REQUIREMENTS

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

  • Significant business operations in one of three online retail business segments: online retail, online travel, online marketplace.
  • At least 70% of revenues should be derived from online and/or virtual business transactions as opposed to brick and mortar and/or in-store transactions.
  • Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
  • Market capitalization of at least 300 million USD.
  • Minimum price at time of purchase of $5 per share USD.
  • 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 Index Provider, EQM Indexes.
  • Non-US companies will be U.S. exchange traded ADR versions if available, assuming they meet liquidity requirements, otherwise local shares will be utilized that meet the listing requirements and satisfy the continuing analysis of liquidity.
  • No local shares, only ADRs, will be held for companies domiciled in Emerging Market countries or those listed on small regional exchanges.