BME: The IBEX 35® Total Return And Ibex 35® Short To Be Disseminated As Of May 13th

Bolsas y Mercados Españoles (BME) will start the calculation and real time dissemination of the new tradable indices IBEX 35® TOTAL RETURN and IBEX 35® SHORT as of May 13th.

IBEX 35® TOTAL RETURN is a total return index, that is, it incorporates changes in share prices, dividend payments and other types of shareholder remuneration. The index thus reflects the effect these payments have on a portfolio that tracks IBEX 35® index.

The index's constituents, calculation and adjustment criteria are the same as those used for the IBEX 35® index but it is also updated to incorporate the payment of ordinary dividends.

The IBEX 35® SHORT index tracks the daily changes in the IBEX 35® TOTAL RETURN in the opposite direction, that is, if on a trading session the return on IBEX 35® TOTAL RETURN is positive, the return on IBEX 35® SHORT on the same trading session will be negative in a similar proportion. However, the formula for the calculation of IBEX 35® SHORT incorporates a risk-free, fixed income investment component, which is why the performance of this index is not perfectly symmetrical with that of the IBEX 35® TOTAL RETURN.

BME has recently granted Lyxor International Asset Management a new licence to issue an Exchange Traded Fund (ETF) on the IBEX 35® SHORT.