The index is a free float-adjusted market cap weighted index comprising large- and mid-cap European stocks, screened for liquidity. The index consists of the following 16 developed market countries: Austria, Belgium/Luxembourg, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The long equity positions in the index are reconstituted and rebalanced each March and September. The index seeks to eliminate exposure to (or “hedge” against) fluctuations between the value of the U.S. dollar and the currencies in which the securities of the Index are denominated. In order to effect such a hedge, it applies one-month currency forward rates to the index’s total equity exposure to each currency. The currency hedge is reset on a monthly basis.
As of 12/09/2016