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Novos índices
Background Information

On 14 February 2008, NYSE Euronext launched a listed private equity index. Constituents are private equity funds with a minimum market capitalisation of €300 million listed Euronext. The Private Equity index will initially be used exclusively for benchmarking purposes. However, NYSE Euronext could consider launching a tradable version at a later stage.





Initial constituents

Description
 
Private Equity NXT Index Description 
Specifications Detail
full name Private Equity NXT Index
Index Type Capitalisation weighted price index
Eligibles stocks Private equity companies listed on NYSE Euronext’s European regulated markets
Selection Based on specific criteria within ICB sectors 8985 and 8775
Number of constituents 12 (Feb 2008)
Weighting Based on market capitalisation.
Capping yes(15%)
Index Governance Structure A screening committee will screen potential new entrants for the index, as well as do an annual check on those already included.
Review of composition Screening will take place annually at the end of June.
Effective date of the review first trading day of August
Review of free float not applicable
Review of capping factor first trading day of August
Review of number of shares Updates occur continuously in accordance with the actual number of shares listed.
Calculation frequency daily at the close
Base level and base date 1000 at 31/12/2007
Base value of capitalisation -
Historic data available since 31/12/2005
Return index Gross total return Index
Interconnection not applicable
Derivatives and other linked products -
Mnemonic code PENXT
ISIN code NL0006173270
Other codes Reuters (.PENXT), Bloomberg (PENXT )
Launch date 14/02/2008
Back history
From 31/12/2005
Why a private equity index

Traditionally private equity investments took place through non-listed funds. In recent years however, we have seen private equity companies coming to the market to gain access to capital as well as to meet investor requirements for more transparency and liquidity. A private equity index will help increase visibility of the private equity companies listed on our exchange, and is part of the “Spotlight on Private Equity” plan. It will also serve to draw new private equity funds to our markets. Additionally, it will be a tool for investors to track performance of listed PE, since listed PE gives investors the opportunity to invest in a sector which as traditionally only accessible for very large investors.

Eligible constituents

The index will be comprised of private equity companies with a listing on NYSE Euronext’s European markets. In order to be eligible these companies will have to fulfil certain requirements regarding size, liquidity and activity. The index will initially be designed as a benchmark index, but may be accompanied by a tradable index at a later stage.

Criteria

1. The value of listed participations should not exceed 30% of total value. Listed participations can be held no longer that 5 years.
2. At least 2/3 of participations should be in non-listed companies. Please note that “Non-listed" also includes companies listed on non-regulated markets such as Alternext or Marché Libre.
3. The minimum market cap for eligibility is set at € 300 mio.

IPOs

Newly listed PE companies are eligible for inclusion one month after listing.

Contact
Email : newindices@euronext.com
Background Information

The NYSE Euronext® Iberian Index is designed to be underlying for Exchange Traded Products (ETPs) by providing investors with an opportunity to track to performance of the Iberian Peninsula listed securities.


The stocks in the NYSE Euronext® Iberian Index are weighted according to their free float market capitalization with a maximum of 10% per stock. The index is rebalanced semi-annual on the third Friday of March and September.


In addition to the price return index, the net and gross total return index series are available. The gross total return index reinvests all dividends in the index basket, as does the net return. For the net return index the standard withholding tax is subtracted from the dividend amounts. The new indices will be calculated and disseminated every 15 seconds, throughout the trading day. The base value of the NYSE Euronext® Iberian Index is set at 1000.00 on December 31, 2001.



Specifications

Specifications

IBERIAN

Full name

NYSE Euronext® Iberian Index

Index Type (Basket or Price)

Price, net and gross total return

Index Governance Structure

The day-to-day management is carried out by Euronext Indices

Eligible stocks

The eligible stocks are the largest companies listed on Bolsa de Madrid and on Euronext Lisbon, respectively.

Selection

The most liquid stocks are selected in their respective markets on the basis of the average daily turnover measured over the last 12 months before the of the review. The 20 most liquid stocks listed on Bolsa de Madrid and the 10 most liquid stocks listed on Euronext Lisbon are selected to be part of the index.

Number of constituents

30

Weighting

Free float Market capitalization-weighted

Capping

10%

Review of composition

Semi-annually

Effective date of the review

3rd Friday of March and September (after close)

Review of free float

Annually (3rd Friday of September)

Review of capping factor

Semi-annually; 3rd Friday of March and September (after close)

Review of number of shares

Semi-annually; 3rd Friday of March and September (after close)

Calculation frequency

Continuous (15 seconds)

Base date

31-Dec-01

Base level

1000

Historic data available since

31-Dec-01

Return index

Net Total Return and Gross Total Return available

Linked products

The index is designed to be an underlying for ETFs and structured products

ISIN code

QS0011181250

Mnemonic code

NEIBI(price), NEIBT(gross return), NEIBN(net return)

Vendor codes

Reuters(.NEIBI) , Bloomberg(NEIBI Index <GO>)

Launch date

04-Nov-09