The State Street SPDR MSCI Europe Value UCITS ETF EUR seeks to track the MSCI Europe Value Exposure Select index. The MSCI Europe Value Exposure Select index tracks large and medium-sized European companies that have a relatively higher quality within the initial index, the MSCI Europe Index, while at the same time attempting to avoid companies of poor quality, based on their fundamental accounting data such as return on investment, gearing and variability of results.