Equity Global Value
The DB Equity Value Factor Index aims to outperform the equity market (represented by the MSCI World Index), through a value-based investment strategy. The Index selects constituents from shares of large and medium sized companies across approximately 31 developed market countries. The shares are selected using a value-based strategy which analyses the value of companies’ shares. This strategy is based on the assumption that at certain times undervalued shares outperform, and overvalued shares underperform, the equity market generally. The strategy uses a rules based formula to analyze the shares comprising the MSCI World Index and calculates a “value score” for each share, based on a combination of operational yield (OY) and dividend yield (DY).