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 13: Sum of market capitalisation (or market-cap weight) of index constituents weighted by foreign/emerging market exposure (STOXX Europe 600) - 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 2,469,392 41.07% 719,386 41.07% 2005 2,768,253 39.95% 877,584 39.95% 2006 3,491,211 39.88% 1,255,791 39.88% 2007 4,657,206 40.46% 1,799,312 40.46% 2008 4,181,202 42.11% 1,792,527 42.11% 2009 2,808,329 42.76% 1,246,994 42.76% 2010 3,191,219 47.09% 1,393,777 47.09% 2011 4,564,035 49.21% 2,041,759 49.21% 2012 3,869,218 52.39% 1,747,183 52.39% 2013 4,683,065 53.28% 2,100,157 53.28% FTSE Developed Asia Pacific: Geographic Exposure Table 14: Non-Developed Asia Pacific and Emerging market exposure of Top 50 companies (by market capitalisation weight) in FTSE Developed Asia Pacific - The table below lists the non-Developed Asia Pacific and emerging market sales, as % of total sales, of the top 50 companies in FTSE Developed Asia Pacific by market capitalisation. 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), supplemented by Bloomberg. 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 Asia Pacific sales (% of total sales ) Emerging market sales (% of total sales) AIA GROUP 50.57% 43.08% AUS.AND NZ.BANKING GP. 13.83% 4.32% BHP BILLITON 70.35% 55.01% BRIDGESTONE 73.02% 27.65% CANON 71.28% 24.52% CENTRAL JAPAN RAILWAY 0.00% 0.00% CHEUNG KONG HOLDINGS 62.08% 62.08% COMMONWEALTH BK.OF AUS. 3.14% 1.14% CSL 81.52% 14.66% DBS GROUP HOLDINGS 17.85% 15.49% DENSO 45.25% 44.75% EAST JAPAN RAILWAY 0.00% 0.00% FANUC 68.18% 46.30% FAST RETAILING 21.66% 7.86% HANG SENG BANK 8.13% 5.52% HITACHI 38.69% 22.81% HONDA MOTOR 73.65% 23.77% HUTCHISON WHAMPOA 74.15% 22.07% HYUNDAI MOTOR 50.74% 7.15% JAPAN TOBACCO 45.81% 16.61% JARDINE MATHESON HDG. 89.23% 83.27%

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An EDHEC-Risk Institute Publication