MSCI Spain Index

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 25
constituents, the index covers about 85% of the equity universe in Spain.
CUMULATIVE INDEX PERFORMANCE - NET RETURNS
ANNUAL PERFORMANCE (%)
(EUR) (OCT 2001 – OCT 2016)
Year
MSCI Spain
MSCI World
MSCI ACWI IMI
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
218.53
200
197.33
185.79
100
50
Oct 01
Jan 03
Apr 04
Jul 05
Oct 06
Jan 08
Apr 09
INDEX PERFORMANCE — NET RETURNS
Jul 10
Oct 11
Jan 13
Apr 14
Jul 15
MSCI Spain
Oct 16
MSCI World MSCI ACWI IMI
-6.03
8.58
25.64
1.42
-9.35
-16.53
39.01
-37.52
11.80
33.60
20.31
19.65
31.83
-28.12
10.42
19.50
21.20
14.05
-2.38
19.53
25.94
-37.64
-1.66
7.40
26.17
6.46
10.74
-32.02
FUNDAMENTALS
(%) ( OCT 31, 2016 )
8.96
18.24
18.21
14.60
-4.81
22.29
32.16
-39.36
0.26
8.19
28.54
8.04
12.77
-30.07
( OCT 31, 2016 )
ANNUALIZED
MSCI Spain
MSCI World
MSCI ACWI IMI
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
5.84
0.53
0.53
8.21
0.65
1.10
-8.40
1.96
3.13
-0.96
2.57
3.98
0.55
11.54
10.91
4.46
14.41
13.53
-0.26
5.49
5.63
3.28
4.46
5.21
4.58
2.59
2.51
19.49
21.54
21.43
13.35
15.78
15.59
1.24
2.14
2.00
INDEX RISK AND RETURN CHARACTERISTICS
( OCT 31, 2016 )
ANNUALIZED STD DEV (%) 2
MSCI Spain
MSCI World
MSCI ACWI IMI
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
1.02
2.49
3.22
15.69
11.53
11.41
20.07
10.00
10.02
21.59
13.28
13.73
0.12
1.01
0.97
0.31
1.40
1.32
0.04
0.38
0.38
0.16
0.24
0.28
55.87
59.39
56.60
2007-11-08—2009-03-09
2000-08-31—2009-03-09
2000-09-07—2003-03-12
1
Last 12 months
2
Based on monthly net returns data
3
Based on ICE 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
OCT 31, 2016
INDEX CHARACTERISTICS
TOP 10 CONSTITUENTS
MSCI Spain
Number of
Constituents
25
BANCO SANTANDER
BBVA
TELEFONICA
INDITEX
IBERDROLA
AMADEUS IT GROUP A
REPSOL
AENA
CAIXABANK
FERROVIAL
Total
Mkt Cap ( EUR Millions)
Index
Largest
Smallest
Average
Median
353,904.76
65,366.02
1,447.15
14,156.19
6,446.01
Mkt Cap
( EUR Billions)
Index
Wt. (%)
Sector
65.37
43.27
41.46
34.74
33.66
18.87
14.16
9.03
8.96
8.77
278.29
18.47
12.23
11.72
9.82
9.51
5.33
4.00
2.55
2.53
2.48
78.64
Financials
Financials
Telecom Srvcs
Cons Discr
Utilities
Info Tech
Energy
Industrials
Financials
Industrials
SECTOR WEIGHTS
10.54%
9.82%
11.72%
5.33%
4%
1.52%
17.03%
0.86%
39.2%
Financials 39.2%
Industrials 10.54%
Energy 4%
Utilities 17.03%
Telecommunication Services 11.72%
Consumer Discretionary 9.82%
Health Care 1.52%
Information Technology 5.33%
Consumer Staples 0.86%
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 SPAIN INDEX