The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that it has launched a new portfolio index for the Swedish equity market, the OMX Stockholm All-Share Cap GI Index (OMXSCAPGI). The weight of the shares included in the index is based on the company's total market value but limited to ten percent to comply with the fund rules in the EU directive UCITS (Undertakings for Collective Investments In Transferable Securities).
“The index represents all shares listed on NASDAQ OMX Stockholm and is a great indicator of the overall market performance,” said Magdalena Hartman, Vice President NASDAQ OMX Global Index Group. “The UCITS compliance will allow the index to serve as an excellent benchmark for funds investing in the Swedish equity market.”
The OMX Stockholm All-Share Cap GI Index is calculated as a total return, market capitalized weighted index where the constituents are weight limited in order to comply with the UCITS directive. The index rule book is transparent and market adapted. The index has a very high correlation of 0.9999 with the uncapped total return version of OMX Stockholm All-Share.
The index has a base date of December 29, 2006 with a base value of 100 and historical data available from that date. The index value is updated once a minute and it currently holds 288 constituents.
