2.6.10 Free cash flow yield
Free cash flow yield is computed as the ratio of free cash flow to the initial value of the asset. It ignores capital gains. The index-level yield is calculated as the weighted average using the fair value of each constituent.
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where:
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denotes the free cash flow of constituent i at time t expressed in the index reporting currency. We don't have a way to export this macro.
denotes constituent i's fair value estimate at time t-1 expressed in the index reporting currency. We don't have a way to export this macro.
denotes the weight of constituent i at time t-1.