S&P Latin America 40 represents major economic sectors of Mexican and South American equity markets. It includes highly liquid securities from Mexico, Brazil, Argentina and Chile. This index serves to cover the large-cap liquid constituents of each key country in Latin America. It is also the Latin America component of S&P Global 1200.
Index constituents exhibit the following characteristics:
Market Coverage – Approximately 70% of each country’s market capitalization
Weighting – Market capitalization
Public Float – Adjusted to regional specifications
Index Governance and Policy
This index is maintained by the S&P 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.
Standard & Poor's and MSCI Barra, two leading providers of global indices, jointly launched the GICS structure in 1999. The Global Industry Classification Standard was developed to meet the global financial community's need for one complete, consistent set of global sector
and industry definitions.