OREANDA-NEWS. BME expands its IBEX35® index family with three new tradable indices, all of which are based on the IBEX35®. The new indices, called IBEX 35® BANCOS, IBEX 35® ENERG?A and IBEX 35® CONSTRUCCI?N, will start to be calculated and disseminated in real time as of 26 November.
  • The IBEX 35® BANCOS, which comprises IBEX35® stocks that belong to the Bank subsector.
  • The IBEX 35® ENERG?A which is made up of IBEX35® stocks that belong to the Oil and Energy sector.
  • The IBEX 35® CONSTRUCCI?N which includes IBEX35® stocks that belong to the Construction subsector.

These indices are weighted by free-float capitalisation and represent certain sectors which are highly relevant in the Spanish market, i.e.: Banks, Energy and Construction. 

The new indicators are intended to serve as underlying assets for financial products and provide investors with a broad range of investment strategies.

The addition and removal of stocks, number of shares, adjustments for financial transactions and free-float coefficients applicable will be established in the same way as in the case of the IBEX35®. The maximum weighting allowed for any constituent during the reviews of each index is 40%.

On the third Friday of each month and coinciding with the expiration of index futures, the calculation of the expiration settlement price (ESP) will be carried out based on the same methodology as that used for the IBEX35®.