A NEW ADDITION TO EURONEXT’S PEA-PME INDEX FAMILY
Paris – 31 October 2014 – EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs[1], announces the launch of the EnterNext©PEA-PME 150index on 17 November 2014. This new tool rounds out the Euronext index family dedicated to companies eligible for the French government’s PEA-PME savings accounts, which encourage investment of savings in shares and help SMEs gain access to the capital they need.
The EnterNext© PEA-PME 150 consists of 150 French companies covered by EnterNext and listed on Euronext and Alternext markets in Paris; all count among the 80% most liquid shares eligible for PEA-PME accounts. Shares are ranked by the size of their float; weighting of each is capped at 2.5%, with a 20% limit per sector. The index will be revised once a year and its weighting will be reviewed every quarter.
This new index is a response to industry demand for new benchmarks for midcaps. The wide range of sectors it covers gives investors a good overview of France’s most liquid small and mid-caps.
Anthony Attia, CEO of Euronext Paris, said: “The new EnterNext©PEA-PME 150 index is part of our ongoing efforts to help SMEs secure financing and our strategy of developing Euronext as a place to raise capital. We hope this new tool will shine a fresh light on French SMEs and support the development of PEA-PME savings accounts.”
Eric Forest, Chairman and CEO of EnterNext, said: “This index was developed in close collaboration with asset management companies and offers investors a benchmark for assessing the performance of French companies eligible for PEA-PME savings accounts. It will also help raise the profile of these 150 French companies—all covered by EnterNext—with the investment community.”