The S&P Pan Arab indices cover 11 MENA equity markets. To meet the needs of both local and international investors, we calculate multiple versions: the S&P Pan Arab Investable, which employs float adjustment factors relevant for international investors; the S&P Pan Arab Composite, for GCC-based investors; and the S&P GCC Domestic Country Indices, which are reflective of the local market and incorporate no foreign investment restrictions.
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.