TOP 7 CONSTITUENTS
Float Adj Mkt Cap ( USD Billions)
Index Wt. (%)
Sector
FISHER & PAYKEL HEALTH 5.43 22.26 Health Care SPARK NEW ZEALAND 4.42 18.11 Telecom Srvcs AUCKLAND INTL AIRPORT 4.23 17.33 Industrials RYMAN HEALTHCARE 3.06 12.52 Health Care FLETCHER BUILDING 3.03 12.42 Materials MERIDIAN ENERGY 2.64 10.81 Utilities MERCURY NZ 1.60 6.55 Utilities Total 24.41 100.00
I tried posting an image of what Couta1 sent me and had a bit of trouble as noted by Investor. hopefully the above will give people the info they need.
I believe the float adjusted market cap removes major shareholdings that are locked up.
Anyway if we look at FPH by way of example its float adjusted market cap is $5.43b and constitutes 22.26% of the MSCI N.Z. index. I believe this and the other constituents will decline such that they are reweighted to take into account ATM's float adjusted market cap which is probably bigger than any other share here.