MSCI Europe ex EMU Index

MSCI EUROPE EX EMU INDEX (EUR)
The MSCI Europe ex EMU Index (European Economic and Monetary Union) captures large and mid cap representation across 5 of 15
Developed Markets countries* (excluding those in the EMU). With 207 constituents, the index covers approximately 85% of the free ﬂoatadjusted market capitalization in each country.
CUMULATIVE INDEX PERFORMANCE - PRICE RETURNS
150
ANNUAL PERFORMANCE (%)
(EUR) (JUL 2001 – JUL 2016)
Year
MSCI Europe ex EMU
MSCI Europe
MSCI World
112.33
101.81
50
0
Jul 01
Oct 02
Jan 04
Apr 05
Jul 06
Oct 07
Jan 09
Apr 10
INDEX PERFORMANCE — PRICE RETURNS
Jul 11
Oct 12
Jan 14
Apr 15
MSCI Europe
MSCI World
3.59
5.71
13.31
11.82
-5.34
16.52
31.54
-44.33
-5.11
14.19
23.03
8.63
8.56
-29.63
5.47
4.10
16.42
13.38
-10.94
8.04
27.15
-45.52
0.07
16.49
22.77
9.36
12.14
-32.21
8.34
17.21
18.74
11.44
-4.53
17.16
23.02
-39.08
-3.41
5.51
23.95
4.71
8.83
-33.02
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
125.94
100
MSCI Europe
ex EMU
Jul 16
FUNDAMENTALS ( JUL 29, 2016 )
(%) ( JUL 29, 2016 )
ANNUALIZED
MSCI Europe ex EMU
MSCI Europe
MSCI World
1 Mo
3 Mo
1 Yr
YTD
3 Yr
5 Yr
10 Yr
Since
Dec 31, 1998
Div Yld (%)
P/E
P/E Fwd
P/BV
2.05
3.43
3.47
0.98
0.27
5.55
-14.42
-14.02
-3.65
-5.75
-6.22
0.59
3.25
4.01
10.68
5.12
4.71
11.12
0.90
0.11
4.00
1.24
0.82
2.61
3.73
3.60
2.57
22.43
20.77
20.98
16.28
14.95
16.32
2.01
1.72
2.17
INDEX RISK AND RETURN CHARACTERISTICS ( JUL 29, 2016 )
ANNUALIZED STD DEV (%) 2
MSCI Europe ex EMU
MSCI Europe
MSCI World
SHARPE RATIO 2 , 3
MAXIMUM DRAWDOWN
Turnover
(%) 1
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Since
Dec 31, 1998
(%)
Period YYYY-MM-DD
2.61
2.58
2.51
12.05
13.06
11.67
12.09
13.41
11.01
14.12
15.35
13.30
0.33
0.37
0.93
0.46
0.40
1.00
0.04
0.00
0.26
0.01
0.00
0.11
59.75
61.72
65.24
2000-09-05—2009-03-09
2000-09-04—2009-03-09
2000-09-07—2009-03-09
1
Last 12 months
2
Based on monthly price returns data
3
Based on BBA LIBOR 1M
* Developed Market countries in the index include: Denmark, Norway, Sweden, Switzerland and the UK.
The MSCI Europe ex EMU Index was launched on Apr 30, 1998. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index existed).
There are frequently material diﬀerences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee of future performance.
MSCI EUROPE EX EMU INDEX
JUL 29, 2016
INDEX CHARACTERISTICS
TOP 10 CONSTITUENTS
MSCI Europe ex EMU
Number of
Constituents
Country
207
NESTLE
NOVARTIS
ROCHE HOLDING GENUSS
HSBC HOLDINGS (GB)
BRITISH AMERICAN TOBACCO
GLAXOSMITHKLINE
ROYAL DUTCH SHELL A
NOVO NORDISK B
BP
ROYAL DUTCH SHELL B
Total
Mkt Cap ( EUR Millions)
Index
Largest
Smallest
Average
Median
3,678,084.66
229,232.15
1,932.48
17,768.52
7,609.22
SECTOR WEIGHTS
Mkt Cap
( EUR Billions)
Index
Wt. (%)
229.23
169.07
160.89
115.72
106.79
97.60
97.16
94.61
93.69
89.03
1,253.80
6.23
4.60
4.37
3.15
2.90
2.65
2.64
2.57
2.55
2.42
34.09
CH
CH
CH
GB
GB
GB
GB
DK
GB
GB
Sector Sector
Wt. (%)
Cons Staples
Health Care
Health Care
Financials
Cons Staples
Health Care
Energy
Health Care
Energy
Energy
32.2
23.1
22.0
16.9
15.0
13.3
32.3
12.9
31.2
29.6
COUNTRY WEIGHTS
8.17%
8.03%
9.97%
6.83%
27.01%
8.16%
4.37%
5.87%
2.63%
1.82%
2.06%
18.64%
19.91%
19.37%
Health Care 19.91%
Industrials 9.97%
57.13%
Consumer Staples 19.37%
Energy 8.17%
Telecommunication Services 4.37%
Financials 18.64%
Consumer Discretionary 8.03%
Utilities 2.63%
United Kingdom 57.13%
Materials 6.83%
Switzerland 27.01%
Sweden 8.16%
Denmark 5.87%
Norway 1.82%
Information Technology 2.06%
INDEX METHODOLOGY
The index is based on the MSCI Global Investable Market Indexes (GIMI) Methodology—a comprehensive and consistent approach to index
construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style
segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong
emphasis on index liquidity, investability and replicability. The index is reviewed quarterly—in February, May, August and November—with
the objective of reﬂecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May
and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cutoﬀ points are recalculated.
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MSCI EUROPE EX EMU INDEX

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