The S&P Depositary Receipt Indices are designed to measure the performance of depositary receipt (DR) securities across different markets and regions, including country-specific and select indices. DRs are negotiable securities issued by a bank that trade freely in global markets, facilitating cross-border trading, and may help foreign companies raise capital in global equity offerings, also allowing investors in the U.S. and elsewhere to easily invest in companies on a more global basis.
All information for an index prior to its Launch Date is hypothetical back-tested, not actual performance, based on the index methodology in effect on the Launch Date. Back-tested performance reflects application of an index methodology and selection of index constituents with the benefit of hindsight and knowledge of factors that may have positively affected its performance, cannot account for all financial risk that may affect results and may be considered to reflect survivor/look ahead bias. Actual returns may differ significantly from, and be lower than, back-tested returns. Past performance is not an indication or guarantee of future results. This back-tested data may have been created using a “Backward Data Assumption”. For more information on “Backward Data Assumption” and back-testing in general, please see the Performance Disclosure.