BBVA now listed on the Stoxx Europe 50, the stock market index of Europe’s largest companies
In its announcement on Monday of the annual review of the composition of its indices, Stoxx has added BBVA to Stoxx Europe 50, the stock market index that measures the performance of the 50 super-sector leaders in Europe. The index serves financial institutions as the underlying for a wide range of investment products: exchange-traded funds (ETFs), futures and options, and structured products worldwide.
Unlike the Euro Stoxx 50, which focuses on companies in the euro zone, the Stoxx Europe 50 index includes companies from 17 countries across Europe: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
The index comprises the 50 companies with the highest market capitalization as adjusted for their free float, or floating capital: the proportion of a company's shares that are available for public trading on the stock market. The annual review announced today is based on the companies' capitalization data at the close of trading on August 29. With these figures, BBVA ranks 30th in the index.
BBVA will list on the Stoxx Europe 50 after the close of trading on September 19, when an increase in the trading volume of the Group's shares is expected, as investment products that replicate the index's composition will have to rebalance their portfolios to accommodate the changes.