BME is extending its IBEX® series with two new indexes representing growth companies on the Mercado Alternativo Bursátil (MAB). 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.
MAB is a market geared towards small caps seeking to expand. It gives them easy and efficient access to the securities market via a specific trading platform designed to enable small companies to benefit from the significant advantages offered by the market: funding, visibility, liquidity, valuations etc.
Calculation and dissemination of the new indexes in real time will start on 1 June.
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 togauge 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.
The indexes will be calculated on the basis of the technical specifications for the composition and calculation of the IBEX® indexes and their base level is 1,000 basis points at 31 December 2015. The IBEX® index Technical Advisory Committee will review the composition of the indexes every six months.