S&P/IFCI (Investable) indices represent the investable subset of the S&P/IFCG indices, measuring the returns of emerging market stocks that are legally and practically available to foreign investors. As a member of the S&P Emerging Market indices, it is constructed from equities included in the Emerging Markets Database (EMDB).
Index constituents exhibit the following characteristics:
Underlying Indices – S&P/IFCG
Market Coverage – 22 markets
Weighting – Market capitalization
Market Capitalization – At least US$ 100 million
Public Float – Adjusted for available shares
Reconstitution – Based on index inclusion criteria
Index Governance and Policy
Standard & Poor's leads a Global Advisory Panel that meets at least once a year to consult on all major methodological issues impacting the S&P Global Indices, including the S&P Emerging Market Index series. The panel members are made up of a diverse group of users and interested parties, including highly acclaimed academics, plan sponsors, and consultants, as well as industry leading active and passive investment managers. This medium serves to provide feedback to Standard & Poor's from market participants in an unbiased, professional manner, allowing S&P to continuously evolve its index methodology as required.