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

Table 19: Sum of market capitalisations (or market-cap weights) of index constituents weighted by foreign/emerging market exposure (FTSE Developed Asia Pacific) - The table below reports the sum of market capitalisations (or market-cap weights) of index constituents weighted by proportion of sales coming from foreign/emerging markets. The currency used is US $. The exposure is calculated using segment sales data for the previous fiscal year. The source of geographic segmentation data is DataStream (Worldscope). In the table below Mcap implies market capitalisation and CW implies cap-weight of index constituent. Σ MCap x Foreign Exposure Σ CW x Foreign Exposure Σ MCap x Emerging Exposure Σ CW x Emerging Exposure 2004 763,430 31.24% 227,779 9.32% 2005 842,638 30.54% 284,116 10.30% 2006 1,331,296 34.14% 584,474 14.99% 2007 1,813,450 32.87% 895,565 16.23% 2008 1,886,078 36.21% 1,033,884 19.85% 2009 1,531,029 35.49% 907,650 21.04% 2010 1,594,333 32.58% 855,379 17.48% 2011 2,010,060 34.06% 1,167,996 19.79% 2012 1,996,166 37.08% 1,187,893 22.07% 2013 2,122,143 34.65% 1,167,074 19.06% STOXX Europe 50: Geographic Exposure Table 20: Non-Developed Europe and Emerging market exposure of companies in STOXX Europe 50 - The table below lists the non- Developed Europe and emerging market sales, as % of total sales, of companies in the STOXX Europe 50. The index constituents and market capitalisation weights are as of end of June 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 with the geography (see Section 1). Non-Developed Europe sales (% of total sales ) Emerging market sales (% of total sales) ABB LTD N 69.17% 34.28% AIR LIQUIDE 56.48% 26.76% ALLIANZ (XET) 42.54% 18.70% ANHEUSER-BUSCH INBEV 88.08% 41.00% ASTRAZENECA 74.84% 25.49% BARCLAYS 56.94% 28.09% BASF (XET) 69.29% 28.39% BAYER (XET) 64.50% 30.74% BBV.ARGENTARIA 65.45% 52.73% BANCO SANTANDER 61.97% 56.36% BG GROUP 67.68% 23.25% BHP BILLITON 90.06% 52.14% BNP PARIBAS 31.17% 14.96% BP 65.71% 20.41% BRITISH AMERICAN TOBACCO 77.50% 45.14% RICHEMONT N 76.51% 44.49% CREDIT SUISSE GROUP N 53.27% 15.70% DAIMLER (XET) 68.88% 24.59% DEUTSCHE BANK (XET) 42.88% 17.52% DEUTSCHE TELEKOM (XET) 35.05% 4.62% E ON (XET) 0.16% 0.07% ENI 55.30% 39.39% ERICSSON B 74.70% 33.58%

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An EDHEC-Risk Institute Publication