NYSE Euronext (NYX) has launched NYSE Euronext Iberian Index. The new index consists of 30 Stocks, the 20 most liquid stocks listed on Bolsa de Madrid and the 10 most liquid stocks listed on Euronext Lisbon.
The index is designed to be an underlying for exchange traded products (ETPs) by providing investors with an opportunity to track the performance of Iberian Peninsula listed securities.
The stocks in the NYSE Euronext Iberian Index are weighted according to their free float market capitalization with a maximum of 10% per stock. The index is rebalanced bi-annually in March and September.
In addition to the price return index, the net and gross total return index series are available. However, the new indices will be calculated and disseminated every 15 seconds, throughout the trading day.
Miguel Geraldes, head of markets, cash and listing at NYSE Euronext, Lisbon, said: “With the launch of the NYSE Euronext Iberian Index we offer investors, for the first time, the possibility of tracking the performance of the Iberian Peninsula.”
George Patterson, head of global index design, global index group at NYSE Euronext, said: “We are pleased to expand our product offering to include a new benchmark for Iberian Peninsula listed securities. The launch of the new benchmark also marks the first index to use the NYSE Euronext brand.”
