PJSC SPB Exchange approved the general principles and methodology for calculating the first proprietary index – SPB100. This is reported on the website exchanges on Monday, October 11th.
“Preliminarily, the methodology and results of back tests were approved by the independent index committee of the SPB Exchange, which included representatives of major participants in the Russian financial market. The SPB100 index reflects the behavior of the average portfolio of retail investors, ”the message says.
The SPB100 index will begin to be published on the exchange website this month.
The top 10 of the SPB100 index this fall included the largest American companies such as Apple, Amazon, AT&T, Boeing and Tesla, Chinese Alibaba, Baidu and Vipshop, as well as Carnival and Virgin Galactic, popular among retail investors.
The weighting factor of each share in the index corresponds to its share in the average portfolio of a retail investor who made transactions on this exchange in the previous quarter. In the time interval from October 2020 to October 2021, the profitability of SPB100 was more than 50%, which “significantly exceeds the performance” of Russian and international stock indices.
SPB Exchange is the leading organizer of trading in securities of international companies on the Russian financial market. As of September 30 of this year, more than 1.6 thousand securities of foreign issuers, including shares, depositary receipts and Eurobonds, are in circulation at the organized trading of the exchange.
Currently on the website of the SPB Exchange two indicators are presented, created in partnership with the investment companies Freedom Finance and Otkritie Broker. This is SPBTL10 – Technology Leaders, which includes 11 of the largest companies in the technology sector. The second is SPBOAW – “Opening – All Weather”, which includes five exchange-traded funds for different asset classes – stocks of the US broad market index S & P500, stocks of large companies in emerging markets, corporate bonds of the largest international companies, gold and real estate in the United States.
Earlier, on September 3, the index of the Moscow Exchange for the first time exceeded the mark of 4000 points, amounting to 4001.7 points. According to Mosbirzh on October 11, the IMOEX index is 4,279.9 points.