THE CORPORATE LIST
The Euro-equity market just keeps on growing. When Euromoney launched its Corporate List of internationally traded equities two years ago, the list comprised 236 names. Now, that's more than doubled to 472 stocks.
To qualify for inclusion, a stock must be traded on a daily basis on at least one centre outside its domestic stock market. The 472, which have been selected by brokers in the market, are then ranked by market capitalization.
Since we began the list, investors have become more adventurous in their selection of foreign stocks. While US and Japanese stocks continue to dominate, their overall share of the list is decreasing. US equities remain static; Japanese stocks show a rapid shifting of interest, accounting for 32 of the 181 new entries since last year and 12 of the 32 departures.
Meanwhile, previously thinner markets are catching the investor's eye. Interest in Europe has increased, especially during the past year, with the booming UK stock market in the vanguard. Since our interim report (see page 168, Euromoney, February 1986), 13 British stocks have entered the list, including two of the UK clearing banks, Barclays and Lloyds, One notable dropout this year was Distillers Company.