The S&P Global Challengers Index ™ Pan Asia Ex-China measures the performance of Asian companies (excluding China) on the S&P Global Challengers List ™. The S&P Global Challengers List is comprised of 300 mid-sized companies from around the world that show the highest growth characteristics along dimensions encompassing intrinsic and extrinsic growth.
The universe for the S&P Global Challengers List consists of publicly listed common shares of companies from countries around the world. The universe does not, however, consider ADRs or GDRs and, in the case of listings on multiple exchanges, only considers the listing in a company’s home country. The universe also only considers the primary share class of a company.
Index constituents exhibit the following characteristics:
- Weighting – Equal weighting.
- Market Capitalization – Between US$500 million and US$5 billion.
- Reconstitution – Annual.
- Currency – Local currency.
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.