What are we tracking? More European indices
April 16, 2007Thanks for visiting! If you like what you're reading, you may want to subscribe to my RSS feed.
Enjoy part 2 of the selection of European indices that might be considered as base indices for a tracker (index) fund.
- Spain: The IBEX 35 is yet another capitalisation-weighted stock market index which includes the 35 most liquid Spanish stocks traded on the Bolsa de Madrid. It grew by a solid 84.53% within the last 5 years.
- Sweden: Sweden’s main stock index is the OMXS30, which consists of the 30 most traded stocks on the Stockholm Stock Exchange. The OMXS30 is market-value-weighted as opposed to the more common capitalisation-weighted indices we’ve encountered so far. Companies represented by the index include AstraZeneca, Ericsson, H&M, Nokia and Volvo. Contrary to my expectation, IKEA is not among them… The index grew by 54.41% since its inception in July 2004, i.e. in under 3 years.
- Norway: The Oslo All-Share Index (OSEAX) is a market-capitalisation weighted index consisting of all shares listed on the Oslo Stock Exchange. Its base value was set to 100 in December 1995 and it is currently priced at 527.40. Of this overall growth, 31,74% can be attributed to the last 5 years.
- Denmark: The OMX Copenhagen 20 is the top-tier stock market index of the Copenhagen Stock Exchange and is a market-value weighting of the 20 most traded stocks. It grew by 53.76% since April 2002.
- Switzerland: The SMI (Swiss Market Index) is Switzerland’s blue chip index and therefore the leading index in Switzerland. It consists of the 30 largest and most liquid stocks listed on the Swiss Exchange (SWX) and represents ~90% of the total market capitalisation of all Swiss and Liechtenstein equities on the SWX. Companies like Merck, UBS and Nestle are among the companies currently tracked by the SMI. The index was introduced in June 1988 at a baseline value of 1500 points and is currently traded at just under 9,200 points. 71.78% of the growth occurred within the last 5 years.
The final selection of Asian indices will follow shortly before I’ll return to the original series on Investment Choices.
