The operator of the B3 exchange launched this Monday (25) a new index derived from Ibovespa. The objective is to equalize the participation of companies in the portfolio both at the time of its creation and in its periodic adjustments.
To integrate the “Ibovespa B3 Equal Weight”the assets must be in the current Ibovespa portfolio. According to a statement from B3, the index follows the same inclusion and exclusion methodology as the reference indicator, with updates every four months.
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“The objective of this new index (…) is to offer a portfolio that is more deconcentrated. This way, the investor will be able to analyze the market’s performance in a way that the performance of large companies does not impact the overall picture.”
Ricardo Cavalheiro, index superintendent at B3
Relative shares will evolve with the share price
Although assets are equalized at the beginning of each four-month period, the relative participation of shares in the index will change according to the evolution of the prices of each share during this period, said the operator of the São Paulo stock exchange.
Also according to B3, the new index joins the indices derived from Ibovespa B3, which include previous launches such as the Ibovespa B3 State and the Ibovespa B3 Private Companies.
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