Equity Fund Sector Weightings Reports
How to read EPFR Equity Fund Sector Weightings Reports
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Equity Fund Sector Weightings Reports
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• The data tracks the actual sector/industry by individual fund and fund category
• Individual equity funds grouped by fund category (GEMs, Asia ex-Japan, Latin
America, EMEA, Europe, Global & Global ex-US, Country Funds)
• The sector weightings are calculated into Global Industry Classification System (GICS) Level II
industry group categories
• Each fund category is detailed on a separate tab and includes a listing of individual funds and
their sector/industry weightings in % terms, plus cash.
• Average weightings of all individual funds and by investment manager (with
multiple funds)
• Historical data available from November 2001
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Equity Fund Sector Weightings Reports
Definitions
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Equity Fund Sector Weightings Data Definitions
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•
Fund Category:
GEM: Global Emerging Market Funds (invest in all emerging market regions of the world)
Global & Global ex-US: Global funds that invest in both developed and emerging markets
(main benchmarks MSCI World and MSCI EAFE)
Asia: Asia ex-Japan Regional funds
EMEA: Emerging Europe/Middle East/Africa Regional funds
Europe: Europe Regional funds
LatAm: Latin America Regional funds
Country Funds: Asia Ex-Japan, Emerging Europe/Middle East/Africa, Latin America Country funds
•
Fund Weighted Average:
Fund weighted average involves calculating the $ amounts invested in each country for all funds
individually, and then adding up the $ amounts for each sector and dividing by the total
assets of all funds combined.
•
Fund Simple Average:
Fund simple average is calculated by adding up all of the % weights in a sector for all funds tracked
and then dividing by the total number of funds tracked.
•
Manager Simple Average:
(% weighting for all Managers in fund category for specified sector) / (total number of
Managers in fund category). [An average is first calculated for Managers with more than one fund in
a fund category for each sector. These averages are then combined to come up with the
numerator in the above formula].
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Fund Category
GEM: Global Emerging Market Funds (invest in all emerging market regions of the world)
Asia Ex-Japan : Asia ex-Japan Regional Funds
EMEA: Emerging Europe/Middle East/Africa Regional funds
LatAm: Latin America Regional funds
Global & Global ex-US: Global funds that both invest in
developed and emerging markets (main benchmarks MSCI
World and MSCI EAFE)
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Europe: Europe Regional funds
Country Funds: Asia Ex-Japan, Emerging Europe/Middle
East/Africa, Latin America Country funds
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Fund Weighted
Average
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= Fund weighted average involves calculating the $ amounts invested
in each sector for all funds individually, and then adding up the $ amounts
for each sector and dividing by the total assets of all funds combined
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Fund Simple
Average
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= Fund simple average is calculated by adding up all of the % weights
in a sector for all funds tracked and then dividing by the total number
of funds tracked
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Manager Simple
Average
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= (% weighting for all Managers in fund category for specified sector) /
(total number of Managers in fund category)
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Equity Fund Sector Weightings Reports
FAQ & Contact Us
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Frequently Asked Questions
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Q: What is the GICS level 2 industry classification system used in the Sector Weightings report?
A: Yes, GICS Level 2 is the MSCI Global Industry Classification System - for more information, go to
http://www.msci.com/index.html and click on GICS on the tabs across the top of the page.
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or please feel free to contact us
By Email: marketing@epfr.com
By Phone: 1-617-864-4999
Or, visit EPFR website at
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