Firms' listings and geographic sales

摘要

Less than a quarter of the sales of companies in Britain's ftse loo index arein Britain, according to Capital Group, an asset-management firm. Emerging markets and America account for 30% and 19% of sales, respectively. Germany's and France's main stockmarket indices show a similar phenomenon. Only seven companies in the ftse 100 have "complete exposure" to the British economy, the firm says. That the world's biggest companies are increasingly globalis unsurprising; and in the case of firms like Burberry, a luxury fashion brand, it testifies to their export success. But for investors seeking precise geographic exposure, it makes ever less sense to investin theirtarget country's main index.