| CAC 40 |
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| Codes and classification |
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| ISIN |
FR0003500008 |
Market |
Paris |
Local |
350000 |
| Euronext code |
FR0003500008 |
Mnemo |
PX1 |
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| Market type |
Indice |
Calculation mode |
- |
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The CAC 40 index is the main benchmark for Euronext Paris. Tracking a sample of Blue Chip stocks, its performance is closely correlated to that of the market as a whole. The index contains 40 stocks selected among the top 100 market capitalisation and the most active stocks listed on Euronext Paris, and is the underlying asset for options and futures contracts. The base value is 1,000 at December 31, 1987.
Free float figures of CAC 40 index components as of 01/09/2009
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Description (updated 2 January 2009)
Performance
The Conseil Scientifique Members
The Conseil Scientifique Meetings
Publications
Frequently Asked Questions
For more information
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| Description (updated 2 January 2009) |
| CAC40 Index |
Description |
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| Full name |
CAC40 |
| Index Type (Basket or Price) |
Price |
| Index Governance Structure |
The Conseil Scientifique is the Supervisor and responsible for setting the rules and the periodical selection. The day-to-day management is carried out by Euronext Indices |
| Eligible stocks |
The CAC 40 Index only includes shares issued by companies deemed to be representative of the Euronext Paris equity market. The index consists of:
- Companies with Euronext Paris as market of reference; and
- Companies with a market of reference that is not Euronext Paris who qualify based on:
- The significant presence (relative to the size of the group) of business assets and/or head-office activities in France and/or employment of significant numbers of staff in France; or
- Significant trading volumes on related derivative products in Paris; or
- History of inclusion in indices (including takeovers), in so far 1. and/or 2. are applicable for the candidate stock.
From this eligible stocks universe, the 100 largest capitalisations are selected. "Holding" companies are excluded |
| Selection |
the list of candidate stocks is made up of the 40 most representative stocks in term of free float adjusted capitalisation and turnover |
| Number of constituents |
40 |
| Weighting |
Based on free-float adjusted market capitalisation. The free-float is rounded up to the next multiple of 5%. |
| Capping |
yes (15%) |
| Review of composition |
quarterly |
| Effective date of the review |
In principle, the effective date is fixed two weeks (minimum) after the Conseil Scientifique meeting |
| Review of free float |
annual review (excepted special cases) based on the available information at end August. The effective date is the 3rd Friday of September |
| Review of capping factor |
annual review (as of free float reviews) at the same effective date, barring exceptional cirsconstances |
| Review of number of shares |
quarterly review (excepted special cases) at the 3rd Friday of March, June, September and December cycle |
| Calculation frequency |
continuously, every 15 seconds |
| Base level and base date |
1000 at 31/12/1987 |
| Base value of capitalisation |
370 437 433 957.70 |
| Historic data available since |
31/12/1987 |
| Return index |
Net and gross total return indices |
| Interconnection |
included in the SBF120, SBF250 and CAC AllShares indices |
| Trackers |
DBXT CAC 40 SHORT, LYXOR SHORT CAC 40
, LYXOR LEV CAC 40, DBXT CAC 40 ETF, SGAMCAC40 BEAR, SGAMCACXBEAR, SGAMCAC40 FLEXIBLS, SGAMCAC40 FLEXIBLM, SGAMCAC40 LEVERAGE, EASYETF CAC 40, CASAM ETF CAC 40, LYXOR CAC 40
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| Other linked products |
Futures(CAC 40), Options (PXA), Warrants and Certificats |
| Other linked indices |
CAC 40 Net Total Return (PX1NR ) and CAC 40 Gross Total Return (PX1GR ),Volatility Index (VCAC ),CAC High Dividend ( CACHD), CAC 40 Leverage (CACLV ), CAC 40 XBear (CACXB ) and Short(CACSH ),CAC 40 Covered Call(CACCC ),CAC 40 Protective Put (CACPP )
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| ISIN code |
FR0003500008 |
| Mnemonic code |
PX1 |
| Other codes |
Reuters (.FCHI), Bloomberg (CAC) |
| Remarks |
The base capitalisation of the index was expressed on FRF on 31/12/1987 |
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| Performance |
| CAC40 Index |
Performance |
| 31/12/1987 |
1000,00 |
- |
1000,00 |
- |
| 30/12/1988 |
1573,94 |
57,39% |
1606,82 |
60,68% |
| 29/12/1989 |
2001,08 |
27,14% |
2082,58 |
29,61% |
| 28/12/1990 |
1517,93 |
-24,14% |
1609,91 |
-22,70% |
| 31/12/1991 |
1765,66 |
16,32% |
1916,19 |
19,02% |
| 31/12/1992 |
1857,78 |
5,22% |
2060,31 |
7,52% |
| 31/12/1993 |
2268,22 |
22,09% |
2570,48 |
24,76% |
| 30/12/1994 |
1881,15 |
-17,06% |
2176,64 |
-15,32% |
| 29/12/1995 |
1871,97 |
-0,49% |
2213,92 |
1,71% |
| 31/12/1996 |
2315,73 |
23,71% |
2795,90 |
26,29% |
| 31/12/1997 |
2998,91 |
29,50% |
3684,87 |
31,80% |
| 30/12/1998 |
3942,66 |
31,47% |
4908,03 |
33,19% |
| 30/12/1999 |
5958,32 |
51,12% |
7515,81 |
53,13% |
| 29/12/2000 |
5926,42 |
-0,54% |
7550,48 |
0,46% |
| 28/12/2001 |
4624,58 |
-21,97% |
5975,25 |
-20,86% |
| 31/12/2002 |
3063,91 |
-33,75% |
4032,77 |
-32,51% |
| 31/12/2003 |
3557,90 |
16,12% |
4785,01 |
18,65% |
| 31/12/2004 |
3821,16 |
7,40% |
5268,31 |
10,10% |
| 30/12/2005 |
4715,23 |
23,40% |
6669,63 |
26,60% |
| 29/12/2006 |
5541,76 |
17,53% |
8061,85 |
20,87% |
| 31/12/2007 |
5614,08 |
1,31% |
8397,36 |
4,16% |
| 31/12/2008 |
3217,97 |
-42,68% |
5010,38 |
-40,33% |
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| The Conseil Scientifique Members |
Euronext Paris indices are supervised by the Index Steering Committee (ISC, le Conseil Scientifique in French). The ISC is tasked with managing the index samples and making sure they are reliable and representative. The Committee brings a threefold guarantee of expertise, independence and transparency.
The Index Steering Committee was set up when the CAC 40 was launched. It operates independently of Euronext and can thus act freely in the interests of the market and investors. Chaired by Jean-François Théodore, the ISC comprises the following members:
- Michel Didier: Rexecode
- Pierre-Olivier Cousseran: Banque de France
Christian Gouriéroux: Institut National de la Statistique et des Études Économiques (national statistics institute, INSEE)
- Bertrand Jacquillat: Associés en Finance
- Patrice de Larrard: Société Française des Analystes Financiers (investment analysts' society, SFAF)
- Jacques Lereboullet
- Benoît de Juvigny: Autorité des Marchés Financiers (French securities regulator, AMF)
- Jean-Guy de Wael: Financial analyst
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| The Conseil Scientifique Meetings |
| CAC40 Index |
Conseil Scientifique meetings |
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| 04/09/2009 |
21/09/2009 |
Quarterly review. Decisions: Removal of AIR FRANCE-KLM, and introduction of TECHNIP in the CAC40 Index (see Press Release) |
| 28/05/2009 |
22/06/2009 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 27/11/2008 |
22/12/2008 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 28/08/2008 |
22/09/2008 |
Quarterly review. Decision: Added SUEZ ENVIRONNEMENT (see Press Release) |
| 03/06/2008 |
23/06/2008 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 06/03/2008 |
25/03/2008 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 29/11/2007 |
24/12/2007 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 05/09/2007 |
24/09/2007 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 29/05/2007 |
18/06/2007 |
Quarterly review. Decisions: Removal of AGF and THOMSON, and introduction of AIR FRANCE-KLM and UNIBAIL in the CAC40 Index (see Press Release) |
| 03/04/2007 |
24/04/2007 |
Replacement EURONEXT shares by NYSE Euronext shares in the CAC Next 20, SBF 250, SBF 120, CAC AllShares and sectors indices (see Press Release) |
| 30/03/2007 |
11/04/2007 |
Temporary removal of AGF from the CAC 40 index (see Press Release) |
| 01/03/2007 |
19/03/2007 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 24/11/2006 |
18/12/2006 |
Annual review. Decision: removal of PUBLICIS and addition of VALLOUREC (see Press Release) |
| 31/08/2006 |
18/09/2006 |
Quarterly review. Decision: replacement of ARCELOR by ARCELOR-MITTAL (see Press Release) |
| 26/07/2006 |
26/07/2006 |
Exceptional consultation. Decision: definitive removal of ARCELOR (see Press Release). |
| 23/06/2006 |
31/07/2006 |
Quarterly review. Decision: removal of THALES and addition of ALSTOM (see Press Release) |
| 14/06/2006 |
19/06/2006 |
Exceptional consultation. Decision: temporary removal of ARCELOR (see Press Release) |
| 24/02/2006 |
20/03/2006 |
Quarterly review. Decision: no change on the CAC40 index (see Press Release) |
| 24/11/2005 |
19/12/2005 |
Annual review. Decision: removal of TF1 and addition of EDF (see Press Release) |
| 04/08/2005 |
01/09/2005 |
Quarterly review. Decision: removal of CASINO GUICHARD and addition of GAZ DE FRANCE (see Press Release) |
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| Publications |
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| Frequently Asked Questions |
| FAQ |
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| For more information |
For further information, please contact:
Euronext Paris
Global Index Group Paris +33 (0)1 49 27 11 73 index@euronext.com
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