Bourse Europe Est

IBX - Brazil Index is a price index which measures the return of a theoretical portfolio composed by 100 stocks, selected among BOVESPA’s most actively traded stocks in terms of number of trades and financial value, weighted according to their number of  outstanding shares (1).
The IBX - Brazil Index was arbitrarily set at 1.000 points for December 28, 1995, and its diffusion initiated on January 02, 1997. For the purpose of setting the index at 1.000 points, its portfolio’s market value was adjusted by applying a reducer (adjustment coefficient), shown as µ in the index formula.