Euronext Launches PEA PME Family of Indices – New CAC® PME Index – More Indices To Be Added In 2014
Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), welcomes publication of the implementing decree introducing PEA PME savings accounts in France, and today announced the launch of its new CAC® PME index. This unique index is the first in Euronext’s new PEA PME index family, based on the French government’s initiative aimed at encouraging investment in shares and support for financing of SMEs.
The CAC® PME index tracks the performance of between 20 and 40 French companies eligible as investment vehicles for PEA PME accounts and listed on Euronext and Alternext markets in Paris. Its components are based on local trade volumes. The weight of each individual stock is capped at 7.5%. The CAC® PME index is calculated in real time, and its components and weightings are revised each quarter.