The new VINX family covers the All-share, Benchmark, Tradable and Sector indexes, which include companies listed on OMX’s exchanges in Copenhagen, Stockholm and Helsinki, and on the exchanges in Oslo and Reykjavik. Today, there are more than 800 companies with a market capitalization of close to EUR 1,000 billion available on the stock exchanges.
“Increased interest and a growing demand for more benchmark possibilities from our customers are our reasons for launching the VINX indexes. The close cooperation between the exchanges ensures that the new VINX indexes will optimally reflect the participating markets,” says Jukka Ruuska, in charge of the Nordic Marketplaces business area within OMX and President of the Stockholm Stock Exchange.
The VINX index family will be independent of, and supplementary to, the local indexes provided by the participating exchanges. The index structure and rules have been developed in close cooperation with market participants. The plan is to launch derivatives on VINX30 by mid-2006, including the 30 most traded companies in the region.
As of April 3, 2006, the VINX30 has the following constituents:
A.P. Möller Maersk B, Assa Abloy B, AstraZeneca, Atlas Copco A, Danske Bank, DnB NOR, Electrolux B, Ericsson B, Fortum Oyj, Föreningssparbanken A, Hennes & Mauritz B, Investor B, Nokia Oyj, Nordea Bank, Norsk Hydro, Novo Nordisk B, Sampo A, Sandvik, SCA B, SEB A, Securitas B, Skanska B, SKF B, Statoil, Stora Enso R, Sv. Handelsbanken A, Telenor, TeliaSonera, UPM-Kymmene Oyj and Volvo B.
Fast facts on the VINX family
- The VINX tradable index – VINX30 – will consist of the 30 largest and most liquid companies.
- The VINX benchmark index will consist of 150 - 200 companies that mirror the free-float-adjusted Nordic investment universe in the best possible way.
- The VINX tradable and VINX benchmark indexes will be free-float adjusted to reflect the shares available for public investment. The index rules will be available from the stock exchanges’ websites before the launch.
- The sector indexes will be based on the Global Industry Classification Standard (GICS), developed by Morgan Stanley Capital International Inc. (MSCI) and Standard & Poor’s (S&P).
- The VINX 30 tradable index has a base value of 1,000 and the VINX All-share, Benchmark and Sector indexes have base values of 100 from December 31, 2000.
- The tradable and the benchmark index will be reviewed biannually.
