Sections

Bats Europe launches Brexit indices

Related Categories

Stock exchange Bats Europe has launched two benchmark indices designed to reflect the impact of Brexit on UK companies.

They were created by splitting the Bats UK 100 Index, which tracks the top 100 UK-listed companies based on market capitalisation, into two groups. The first lists the 50 companies that derive the largest portions of their revenues from the UK, and the second lists the 50 companies that have the least revenue exposure to the UK.

They form the “Bats Brexit High 50” and “Bats Brexit Low 50” indices.

By facilitating an analysis of the difference in performance between those two groups of companies, the indices “are designed to act as barometers for assessing how Brexit is impacting UK companies”, according to Bats.

Mark Hemsley, president of Europe for CBOE, which recently acquired Bats, said: “The UK’s triggering of Article 50 is expected to lead to fundamental changes in the way businesses and capital markets behave prior to and subsequent to the UK’s separation from the European Union.

“We are pleased to provide the marketplace with benchmark indices that are designed to gauge investor sentiment towards UK companies during this critical time.”

Bats said that since the UK EU referendum in June, the Bats 100 UK Index is up over 16% in price performance. The Bats Brexit High 50 Index is nearly flat, up just 0.8%, and the Bats Brexit Low 50 Index is up over 23%.

Bats is providing the indices free of charge.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • DS-2382

    Closing date: 2017-12-14.

  • QN-2383

    Asset class: Residential Property.
    Asset region: Ireland.
    Size: EUR 10m.
    Closing date: 2017-12-18.

  • QN-2384

    Asset class: Equities Switzerland (Large Caps).
    Asset region: Switzerland.
    Size: CHF 550 – 600 mn.
    Closing date: 2017-12-15.

  • QN-2385

    Asset class: Liability Driven Investment.
    Asset region: Europe.
    Size: Size: EUR 1 Billion, Liability size: EUR 3 Billion.
    Closing date: 2018-01-08.

  • QN-2386

    Asset class: Fixed income.
    Asset region: Global developed markets.
    Size: CHF 500 -1000m.
    Closing date: 2018-01-15.

  • DS-2392

    Closing date: 2017-12-21.

  • QN-2393

    Asset class: All/Large Cap Equities.
    Asset region: Europe.
    Size: EUR 200m.
    Closing date: 2017-12-21.

  • QN-2394

    Asset class: Real Estate Industrial.
    Asset region: Europe.
    Size: EUR 10m.
    Closing date: 2018-01-04.

Begin Your Search Here