BM&FBOVESPA Launches Four New Indices
OREANDA-NEWS. May 19, 2011. BM&FBOVESPA started on May 2 the calculation and publication in real time of four new indices, as below. The new indices will help diversify investment strategies and allow the creation of Exchange-Traded Funds (ETFs).
BM&FBOVESPA
BM&FBOVESPA Dividend Index (IDIV)
BM&FBOVESPA Basic Materials Index (IMAT)
BM&FBOVESPA Public Utilities Index (UTIL).
The Brazil Broad-Based Index debuts with 153 stocks and allows a broad view of the Brazilian stock market. It covers all of the stocks for companies listed on BM&FBOVESPA that meet the minimum liquidity criteria, such as: inclusion in a group of stocks whose combined negotiability indices represent 99% of the total value of all individual indices, and whose trading session participation is equal to or greater than 95% in the previous 12 months to calculation of the index.
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