Although there are roughly 45,000 companies listed on different global exchanges, only around 4500-5000 of these will ever be of any interest to the average individual investor. As practicing value investors, the companies that we select for the Robur Stock Analyzer must follow certain criteria – we only look at mid-large cap companies that have a both a proven financial and track record and a decent dividend
To select companies that we analyse, we start from country GDP, and our perception of interesting regions and markets. The stocks we include typically have high market capitalisation, or very substantial revenues, but there are also a few personal smaller- and medium-cap. favourites.
Growth and investment opportunities are high in the Asia-Pacific region, but many investors are unfamiliar with many of the companies. That is why we emphasise this region.
Some countries are not on the list, because at present they are really only suitable for seasoned, professional investors, such as fund managers. Perhaps the company financial data is hard to collect in the audited detail we need, and harder to assess, or maybe it’s difficult for private investors to buy and sell individual stocks, or political risks may be high. We hope to expand our coverage of stock markets in the future, but for now, that explains why our list is restricted to the countries you see above.
Singapore has an important regional stock market, which is why we have more stocks from that exchange than would be expected just from the country’s GDP. Our ’China’ category includes Hong Kong as well as ’mainland’ stocks, but all the shares we include are listed, and tradeable, on the Hong Kong exchange; dealing on the Shanghai and Shen Zhen exchanges is not easy for private investors. We include a lot of Korean companies, because we think this stock market is currently one of the most interesting in the world. We show, perhaps, fewer US companies than you might expect; this is because that country’s stocks have the most available online information in the world, whereas Robur brings you data that is, for most investors, harder to find.
Some countries are included even though individual investors, except their nationals, would rarely buy on their exchanges. This is done where interest in the country is high, so that investors contemplating buying a managed fund that specialises in the country or area can examine the underlying stocks which are typically included in such funds.