The Euronext® Reitsmarket Global Balanced NR Index is designed to track listed real estate worldwide through the performance of a portfolio of 40 global real estate securities selected using a multi-factor ranking methodology and risk optimization techniques out of companies engaged in specific aspects of the major real estate developed markets/regions of the world, namely North America, developed Europe and developed Asia Pacific.
The Index uses a multi-factors ranking methodology based on the intrinsic characteristics of the stocks that are part of the same region, namely their respective valuation, fundamental, growth, and momentum characteristics – and retains those securities with optimal combination of characteristics per region. Afterwards, three resulting investable and diversified sub pools are created looking at the respective risk characteristics of the securities incorporated in each regional investable and diversified sub pool.
A final step selects the 40 highest ranking securities worldwide out of the 3 multi-factor sub pools, applying risk filters and simultaneously ensuring 25% of the Index constituents are from developed Europe, 50% from North America and 25% from Asia Pacific.
The Index is expressed in Euro and is not currency hedged.
|Bloomberg ticker||ERGBN Index|
|Index type||Total Return Net|
|Number of constituents||40|
|Weighting||Equal weighting scheme|
|Index administrator||Euronext N.V.|
|Index supervisor||Rego Partners|