The FTSE LATIBEX Index Series is a collaboration between FTSE Russell and Bolsas y Mercados Españoles (BME). The series provides market participants with a tool to measure the performance of Latin-American stocks trading in the LATIBEX market, denominated in Euro and trading in real-time. Indexes within the series are:
FTSE LATIBEX All-Share Index - comprises all securities that are listed on the LATIBEX market subject to a €300 million minimum size rule. Countries covered include: Argentina, Brazil, Chile, Mexico, Panama, Peru, Puerto Rico and Venezuela.
FTSE LATIBEX TOP Index - this is a real-time index consisting of 15 stocks from the FTSE LATIBEX All-Share Index. It is free-float weight capped at 10% to avoid over-concentration in any one stock. Countries covered include Brazil, Chile and Mexico.
FTSE LATIBEX Brazil Index - this is a Euro-denominated index covering Brazilian stocks. It ranks the 13 most liquid stocks listed on LATIBEX by free-float adjusted market cap.
The indexes are suitable for benchmarking purposes and as tools in the creation of index-linked products and derivatives.
Index rules should be read in conjunction with supportingFTSE Russell noticesThese notices advise of advance changes in index methodology, which may not be reflected in index rules until the change effective date. The notices may also communicate revisions in index treatment in the period up to a rule change.