The NationCap Leaders PerformIdex includes the largest market cap company from each nation which must also be over $10B U.S. Dollars in market cap to provide investors with exposure to an index of the most highly valued public companies from each nation -- combining and diversifying the benefits of existing ETFs such as iShares MSCI EAFE (EFA), iShares MSCI Emerging Markets (EEM), and Dow Jones Global Titans (DGT).
Although Exxon Mobil (XOM) is down about 20% in the past year, it has overtaken PetroChina (PTR) for the largest market cap company in the world. The NationCap Leaders PerformIdex is structured as an equally-weighted index of 42 companies with an average dividend yield of 4.6% and average market cap of $68.6 billion. The number of companies in the index has decreased by 11 from early August, reflecting the effects of the global downturn on frontier and developing market companies which had previously exceeded the $10B market cap threshold.