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MSCI Spain Index
(EUR)
The MSCI Spain Index is designed to measure the performance of the large and mid cap segments of the
Spanish market. With 22 constituents, the index covers about 85% of the equity universe in Spain.
Cumulative Index Performance — Net Returns (Oct 1999 – Oct 2014) — EUR
Annual Performance (%)
Year
MSCI Spain
MSCI World
MSCI ACWI IMI
25.64
1.42
-9.35
-16.53
39.01
-37.52
11.80
33.60
20.31
19.65
31.83
-28.12
-6.54
-10.17
2013
2012
2011
2010
200
2009
189.37
2008
2007
163.79
2006
147.32
2005
2004
2003
2002
100
MSCI
ACWI IMI
MSCI Spain MSCI World
2001
2000
21.20
14.05
-2.38
19.53
25.94
-37.64
-1.66
7.40
26.17
6.46
10.74
-32.02
-12.30
-7.31
18.21
14.60
-4.81
22.29
32.16
-39.36
0.26
8.19
28.54
8.04
12.77
-30.07
-11.06
-9.64
50
Oct 99
Jan 01
Apr 02
Jul 03
Oct 04
Jan 06
Apr 07
Jul 08
Oct 09
Jan 11
Apr 12
Jul 13
Oct 14
Index Performance — Net Returns (%) (October 31, 2014)
Fundamentals (October 31, 2014)
Annualized
MSCI Spain
MSCI World
MSCI ACWI IMI
1 Mo
3 Mo
-3.14
1.48
1.62
-1.94
6.87
6.22
1 Yr
YTD
3 Yr
5 Yr
10 Yr
10.44 9.77 10.55 2.14
17.92 15.00 18.53 15.11
16.52 14.42 17.22 14.58
5.96
7.10
7.56
Since
Div Yld (%)
P/E
P/E Fwd
P/BV
4.24
3.96
4.84
4.96
2.43
2.40
21.46
18.12
18.04
14.13
14.96
14.58
1.46
2.18
2.05
Dec 31, 1998
Index Risk and Return Characteristics (October 31, 2014)
Annualized Std Dev (%)2
Turnover
(%)1
MSCI Spain
MSCI World
MSCI ACWI IMI
1
3.49
2.26
2.92
Sharpe Ratio2,3
Maximum Drawdown
Since
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Dec 31,
1998
(%)
Period YYYY-MM-DD
21.03
6.53
6.84
21.96
9.13
9.54
20.72
12.45
13.07
0.57
2.62
2.34
0.18
1.54
1.43
0.30
0.47
0.49
0.19
0.18
0.24
55.87
59.39
56.60
2007-11-08—2009-03-09
2000-08-31—2009-03-09
2000-09-07—2003-03-12
Last 12 months
2
Based on monthly net returns data
3
Based on BBA LIBOR 1M
The MSCI Spain Index was launched on Mar 31, 1986. 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 Spain Index
October 31, 2014
Index Characteristics
Top 10 Constituents
MSCI Spain
Number of
Constituents
Mkt Cap
(EUR Billions)
22
Mkt Cap
(EUR Millions)
Index
Largest
Smallest
Average
Median
86.30
52.88
49.13
28.75
24.45
18.15
11.15
8.15
8.06
7.84
294.86
BANCO SANTANDER
BBVA
TELEFONICA
IBERDROLA
INDITEX
REPSOL
AMADEUS IT HLDG A
BANCO POPULAR ESPANOL
GAS NATURAL SDG
BANCO SABADELL
Total
358,264.52
86,301.87
1,616.35
16,284.75
7,672.99
Index
Sector
24.09
14.76
13.71
8.02
6.82
5.07
3.11
2.27
2.25
2.19
82.30
Financials
Financials
Telecom Srvcs
Utilities
Cons Discr
Energy
Info Tech
Financials
Utilities
Financials
Wt. (%)
Sector
Wt. (%)
50.2
30.7
100.0
57.8
100.0
100.0
100.0
4.7
16.2
4.6
Sector Weights
7.13%
13.71%
6.82%
5.07%
13.89%
3.11%
1.35%
0.87%
48.03%
Financials 48.03%
Industrials 7.13%
Utilities 13.89%
Telecommunication Services 13.71%
Consumer Discretionary 6.82%
Information Technology 3.11%
Health Care 1.35%
Energy 5.07%
Consumer Staples 0.87%
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.
www.msci.com | [email protected]
About MSCI
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indexes, portfolio risk and performance analytics,
and ESG data and research.
1
The company's flagship product offerings are: the MSCI indexes with approximately USD 9 trillion estimated to be benchmarked to them on a worldwide basis ; Barra multi-asset class factor models, portfolio risk and performance analytics;
RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; and FEA valuation models and risk
management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
1
As of March 31, 2014, as reported on June 25, 2014 by eVestment, Lipper and Bloomberg.
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