Semi - Annual Review of FTSE/ATHEX Index Series


 
November 28th, 2023
 
 
Semi - Annual Review of FTSE/ATHEX Index Series

 

The Athens Stock Exchange and FTSE Russell announce the results of the semi-annual review of the FTSE/ATHEX Index Series for the period May 2023 - October 2023.

In detail the changes are as follows:

  • FTSE/ATHEX Large Cap Index

Zero (0) additions, zero (0) deletions and one (1) investability weight change.

  • FTSE/ATHEX Mid Cap Index

Two (2) additions, two (2) deletions and two (2) investability weight changes.

  • FTSE/ATHEX Market Index

Twelve (12) additions, one (1) deletion and seven (7) investability weight changes.

  • FTSE/ATHEX High Dividend Yield Index

Four (4) additions, four (4) deletions and two (2) investability weight changes.

  • FTSE/ATHEX Global Traders Index Plus

Cease of index calculation.

  • FTSE/ATHEX Mid & Small Cap Factor Weight Index

Cease of index calculation.

  • Restructuring of FTSE/ATHEX Sector Indices

Nine (9) new sector indices are created, replacing the existing nineteen (19) - with the exception of FTSE/ATHEX Banks Index the calculation of which will continue as usual.

The selection universe for the new indices will be moved from Level II ("Supersector") to Level I ("Industry") of the classification model of the "Industry Classification Benchmark (ICB)" with the merger of industries:

  • Technology & Telecommunications
  • Energy & Utilities

in a single index for both Industries.

A minimum number of three (3) constituents is set for index calculation, and a maximum weighting (Capping) at 40% is introduced to limit the weight of high-capitalization companies in the composition of the indices. 

The initial value of the new indices is set to 5,000 points.

The calculation of the new capping factors for the constituents of the:

  • FTSE/ATHEX Large Cap
  • FTSE/ATHEX High Dividend Yield Index
  • FTSE/ATHEX Sector Indices

will be performed using the closing prices of the session of Friday December 8th, 2023.

All changes will be effective from the session of Monday December 18th, 2023.

See all changes of the semi-annual review of FTSE/ATHEX Index Series and the characteristics and composition of the new FTSE/ATHEX Sector Indices in the file attached.

 

Download the Press Release

 

 

 

About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.

110 Athinon Ave. 10442 Athens, Greece, tel +30-210 3366 800, fax +30 210-3366 101