The S&P/IFCG Extended Frontier 150 index is comprised of the largest and most liquid companies from over 30 emerging and frontier markets that are not included in the S&P/IFCI (Investable) index. This index is designed to meet the increasingly sophisticated needs of global investors seeking to expand into markets with the potential for similar or greater returns than that in the better known emerging markets.
Index constituents exhibit the following characteristics:
Underlying Indices – S&P/IFCG (Global), S&P Frontier Markets (Not in S&P/IFCI)
Weighting – Modified market capitalization scheme to ensure that no country has a weight greater than 15% and no security represents over 10% of the index
Market Capitalization – At least US$ 50 million
Liquidity – Minimum value traded of US$ 25 million for the preceding 6 months as of the reference date
Trading Days – At least 10 days over each of the previous 6 months prior to the rebalancing
Index Governance and Policy
This index is maintained by the S&P/IFCG Extended Frontier 150 Index Committee, whose members include Standard & Poor's economists and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index. The Index Committee meets as necessary to review pending corporate actions that may affect index constituents. In the rare event that less than 150 stocks qualify for inclusion at the rebalancing, Standard & Poor’s may modify the criteria to include multiple share classes or reduce the market cap limit, in that order.
With the longest history of all emerging market index series extending back to 1975, it is the source for the S&P Emerging Market Indices. New Product Packages Available November 1st.
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