ETF Colombia Select de S&P
S&P Colombia Select Metodología El universo de selección parte de todas las acciones que pertenezcan al S&P Colombia Broad Market Index BMI y que trancen en la BVC como acciones locales de acuerdo con las reglas de domicilio de S&P Usualmente la incorporación o el registro son considerados el factor determinante para definir la nacionalidad de una compañía. Cuando el domicilio se considera un domicilio por conveniencia como lo son Bermudas, Islas Cayman, Channel Islands, Liberia o Panamá, algunos criterios adicionales aplican. Algunos de estos criterios son: País de en donde estan sus oficinas generales Bolsa de registro primario. Fuente primaria de recursos Ubicación de sus activos fijos o empleados Tener una Capitalización de Mercado flotante ajustada mayor a US$ 200 millones. Tener un promedio diario de negociación durante los últimos 3, 6 y 12 meses (ADTV) mayor/igual a US$125,000 en su mercado local. Source: S&P Dow Jones Indices. For more information on domicile criterion refer to the S&P Dow Jones Indices Corporate Actions: Policies & Practices found on www.spdji.com
Metodología No haber tenido mas de 10 días sin operaciones en los últimos 3 meses. Se combinarán las diferentes clases de acciones para cálculos de market cap, al final se incluirá el precio de la acción mas líquida. Ajuste por capacidad que busca que un ticket de US$ 50 millones pueda ser negociado en un solo día, con base en los volúmenes de operaciones recientes. Rebalanceos Semestrales (Marzo y Septiembre): Siendo efectivos el 3er viernes del mes. Los datos de referencia son el cierre del último día hábil de Febrero y Agosto respectivamente. En el Rebalanceo Ninguna acción puede tener una ponderación superior al 15% en el índice. Ningún sector puede representar mas del 40% del índice.
For Institutional Investor Use Only Not for inspection, distribution or quotation to the general public. S&P MILA 40 Index Metodología Universo: Lo constituyen empresas que hagan parte del S&P Global BMI y se encuentren en las bolsas MILA como acciones domésticas Capitalización de mercado: Flotante ajustada por encima de USD $100 millones Liquidez: Promedio de 3 meses del valor diario operado en el mercado local por encima de USD $250,000 40 emisores seleccionados; ningún país puede tener menos de 5 componentes Techos: Por país 50%, por emisor 8% Rebalanceos: dos veces al año en Marzo y Septiembre Reglas de exclusión moderadas Busca evitar cambios innecesaria del indice 10 años de historia disponible Codigo en Bloomberg: SPMILA
Fondo Bursátil Horizons Colombia Select de S&P Objetivo de inversión El Fondo Bursátil Colombia Select de S&P busca obtener resultados de inversión comparables al índice S&P Colombia Select, (SPCOSLCP index) antes de descontar costos y gastos asociados al Fondo. Administrador & Custodio Gestor Profesional Proveedor del Indice Información detallada del ETF Nemotécnico: HCOLSEL Valor indicativo intradía: HCOL Bolsa: BVC (Colombia) Índice subyacente: SPCOSLCP Moneda: COP Cobertura moneda: No Distribuciones: Trimestral Comisión anual: 0.55% (Máximo) AUM (COP) 92,4 mil COP~46mUS$ Unidades en circulación: 6,270,000 Fecha lanzamiento: 29.05.2014
Indices Colombia (YTD) S&P MSCI - BVC
Lo Mejor de Colombia en un ETF Bajo costo (55bp Anuales) Diversificación, liquidez y transparencia. Está compuesto por las acciones más grandes y liquidas que cotizan en la BVC y pertenecen al índice S&P Colombia Select. Un índice diseñado y calculado por Standard & Poor s El mayor proveedor de índices en el mundo. Amplia diversificación sectorial.
Miembros del índice (30.09.2014)
Comparación Sectorial 45% 40% 35% 30% 25% 20% 15% 10% 5% S&P Colombia Select COLCAP Index 0% Financials Energy Materials Consumer Staples Industrials Utilities Financials Energy Materials Consumer Staples Industrials Utilities S&P Colombia Select 40,2% 14.9% 22.4% 9.2% 2.2% 11.1% COLCAP Index 39,3% 18,3% 19,3% 12,0% 0.5% 10,6% Source: S&P Dow Jones Indices, Bloomberg as at September 30, 2014. The above table has applied GICS to the ColCap index for illustrative purposes only. The ColCap index does not use GICS. The ColCap index uses its own proprietary industry classifications for classifying securities. GICS is an industry classification scheme jointly developed and administered by Standard & Poor s and MSCI.
Desempeño vs. COLCAP Valuation Date 15/10/2014 Price Return (in COP) Price Returns (%) Index Name 1 Month 3 Month 6 Month YTD 1 year 3 year 5 Year S&P COLOMBIA SELECT -5,03% -7,00% -2,23% 1,52% -6,18% 3,36% 8,07% COLCAP -5,85% -7,42% -3,73% -1,62% -10,37% -0,88% 4,72% Perf. Diff SPCOSLCP - COLCAP (%) 0,87% 0,45% 1,56% 3,20% 4,67% 4,28% 3,20% Standard Deviation (Volatility %) Index Name 1 Year 3 year 5 Year S&P COLOMBIA SELECT 13,09% 12,16% 13,68% COLCAP 14,05% 13,02% 15,02% Diferencia STDev -0,96% -0,86% -1,34% Standard Deviation uses the average annual standard deviation of daily returns Source: Bloomberg & Calculations, data as at July 31 st, 2014. Calculations are based on price return index levels in COP. The historical performance is shown for illustrative purposes only. It is only meant to illustrate the effects of the compound growth rate and is not meant to forecast, imply or guarantee the future performance of any particular investment or index, which will vary. Performance results for the S&P Colombia Select Index prior to its inception (10/24/2013) are hypothetical, back-tested daily price returns. Past performance is no guarantee of future results.
Indices Colombia Oct-15-2014 Source: Bloomberg, as at October 15 th, 2014. Calculations are based on price return index levels in COP. The historical performance is shown for illustrative purposes only. It is only meant to illustrate the effects of the compound growth rate and is not meant to forecast, imply or guarantee the future performance of any particular investment or index, which will vary. Performance results for the S&P Colombia Select Index prior to its inception (10/24/2013) are hypothetical, back-tested daily price returns. Past performance is no guarantee of future results.
Resumen de beneficios clave del índice Colombia Select Ninguna acción tendrá mas de 15% del índice, reduciendo el riesgo individual por acción. Los sectores tendrán un límite del 40% para reducir la concentración sectorial y buscar una mayor diversificación. Mayor capacidad del índice, lo que reduce las dificultades de réplica. (Puede recibir más fácilmente operaciones por montos más grandes) No tiene un número fijo de miembros del índice, en la medida en que el mercado colombiano crezca esto se verá reflejado en el número de miembros del índice. Un comité independiente en S&P supervisa el manejo del índice y sus políticas. 6 Versiones del índice, versión Price, net y total-return disponibles en USD y en COP Menor exposición a energía.
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