For traders interested in companies with a market capitalization of more than $1 billion, OTC Markets has created a new index to help them compare their execution strategies.
OTC Markets Group today announced the launch of the OTCQX Billion+ Index (OTCQXBIL), a new benchmark for tracking the performance of OTCQX traded companies with market capitalizations of $1 billion and greater. This new index adds to the number of indexes tracking OTCQX and OTCQB securities with the launch of the OTCQB Composite Index (.OTCQB) in February, the OTCQX Banks Index (.OTCQXBK) in January and the OTCQX Composite Index (.OTCQX), OTCQX U.S. Index (.OTCQXUS) and OTCQX International Index (.OTCQXINT) in December.
The OTCQX Billion+ Index, currently comprised of 71 companies from 21 countries, is designed to highlight for investors the many large-cap, investor-friendly companies traded on the OTCQX Best Marketplace. The Index is market capitalized-weighted and calculated on a total return and price return basis. To be eligible, companies must be traded on OTCQX and meet a minimum liquidity screen.
“With the launch of our OTCQX Billion+ Index, investors now have a tool for measuring the performance of these strongly capitalized global champions,” said Cromwell Coulson, chief executive OTC Markets Group.
Some of the current OTCQX Billion+ Index constituents are: adidas A.G., BASF Se, BNP Paribas, Bombardier Inc., Deutsche Telekom A.G., Heineken Holding N.V., Volkswagen A.G. and Yamaha Corp.
The base date of the OTCQX Billion+ Index is April 1, 2015, and the base index level is 1,000. The Index divisor is adjusted on an ongoing basis to maintain the continuity of the index return through time. The Index is reviewed on a quarterly basis for additions, adjustments, and shares changes over 5% during the months of March, June, September and December.
Index data is priced in real-time and is available on the OTC Markets Group website.
Investors cannot invest directly in the OTCQX Billion+ Index.
