Index provider FTSE Group and Spanish exchange group BME have launched a new tradable index linked to Brazilian stocks. The FTSE Latibex Brasil index is the only euro-denominated tradable index covering Brazilian stocks. BME owns Madrid-based Latibex, the euro-denominated market for Latin American stocks.
At present, only 13 stocks make up the index and each participant's index weighting is capped at 20%. Participants are liquidity-screened to make the index suitable for the creation of a ran