Bolsas y Mercados Españoles (BME), the Spanish exchange operator, is extending its Ibex series with two new indexes representing growth companies on the Mercado Alternativo Bursátil (MAB), a market geared towards small caps seeking to expand.
The new indexes, Ibex MAB All Share and Ibex MAB 15, will give visibility to MAB companies, and also serve as an underlying for financial products.
The Ibex MAB All Share index is composed of securities listed on the MAB’s growth companies segment. It aims to give MAB companies visibility and measure their progress in the market. It does not therefore have any specific number of components.
The Ibex MAB 15 index is devised to gauge the performance of the fifteen companies with the largest trading volumes. This index is selective, trackable and tradable.
The constituents on these indexes will be weighted based on their freefloat-adjusted market capitalisation. The Ibex MAB All Share and Ibex MAB 15 index portfolios at 28 April 2017 offer returns of 8.1% and 10.3% respectively.
Calculation and dissemination of the new indexes in real time will start on 1 June.