Accounting for Geographic Exposure in Performance and Risk Reporting for Equity Portfolios

Accounting for Geographic Exposure in Performance and Risk Reporting for Equity Portfolios — March 2015

Appendix

EDF

9.95%

4.24%

ENI

55.30%

39.39%

GDF SUEZ

23.59%

14.00%

GLAXOSMITHKLINE

74.58%

28.20%

GLENCORE

56.24%

30.05%

HENNES & MAURITZ B

40.97%

19.95%

HSBC HDG. (ORD $0.50)

73.89%

26.91%

INDITEX

29.62%

12.75%

LOREAL

55.40%

20.75%

LLOYDS BANKING GROUP

4.48%

1.91%

LVMH

72.64%

34.20%

NESTLE R

74.99%

33.46%

NORDEA BANK

9.76%

7.66%

NOVARTIS R

74.32%

25.94%

NOVO NORDISK B

74.63%

13.70%

RECKITT BENCKISER GROUP

52.06%

50.10%

RIO TINTO

89.16%

49.53%

ROCHE HOLDING

73.10%

20.37%

ROYAL DUTCH SHELL A

63.26%

26.54%

SANOFI

72.12%

27.46%

SAP (XET)

68.81%

0.00%

SIEMENS (XET)

55.28%

22.32%

STANDARD CHARTERED

98.32%

37.37%

TELEFONICA

54.25%

48.29%

TOTAL

46.99%

25.43%

UBS R

52.45%

7.03%

UNILEVER CERTS.

73.15%

29.96%

UNILEVER (UK)

73.15%

29.96%

VODAFONE GROUP

29.29%

29.29%

Table 9: Companies in STOXX Europe 600 with highest exposure to non-Developed European market - The table below lists the companies which have highest exposure (% of sales) to non-Developed Europe markets. The table also lists the cap-weighted rank of the stock in the index. The index constituents and cap-weighted rank are as of June -end 2013, for which sales data is taken for fiscal year 2012. The source of geographic segmentation data is DataStream (Worldscope). If a company reports sales for a geography (other than country-level sales), we break down geographic sales to country-level sales based on the GDP weight of the country within the geography (see Section 1). Name Non-Developed Europe sales (% of total sales) Cap-weighted rank 'AFREN' 100.00% 507 'COCA COLA HBC (ATH)' 100.00% 229 'ELAN DEAD - 19/12/13' 100.00% 263 'ENAGAS' 100.00% 306 'EXOR ORD' 100.00% 257 'FRESNILLO' 100.00% 199 'INTERNATIONAL PSNL.FIN.' 100.00% 518 'MAUREL ET PROM' 100.00% 529 'RANDGOLD RESOURCES' 100.00% 313 'FLSMIDTH & CO.''B''' 99.75% 488

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An EDHEC-Risk Institute Publication