S&P ADR Index is designed to track the S&P 700 which is the non-U.S. component of the S&P Global 1200. Ideal for U.S. based investors looking for international exposure, this index only includes securities that can be traded and settled in the U.S. It is made up of those companies from the S&P 700 that offer either Level II or Level III American Depository Receipts (ADRs), global shares, or ordinary shares in the case of Canadian equities. When additional S&P 700 companies list eligible securities on U.S. exchanges, these securities will be added to the index.
Index constituents exhibit the following characteristics:
Underlying Indices – S&P Global 1200 and S&P 700
Weighting – Market capitalization
Public Float – Adjusted to regional specifications
A security will be dropped from the index when it ceases to have a U.S. listing or if is removed from the S&P 700.
Index Governance and Policy
This index is maintained by Index Committees, whose members include Standard & Poor's economists and index analysts as well as representatives of affiliated regional exchanges. They follow a set of published guidelines and policies that provide the transparent methodologies used to maintain the indices.