Novo Mercado Corporate Governance Equity Index (IGC-NM)

Novo Mercado Corporate Governance Equity Index (IGC-NM)

  • The index

    Presentation

    The Novo Mercado Corporate Governance Equity Index (IGC-NM) is compiled as a weighted average of a theoretical portfolio of stocks pursuant to criteria set forth in this methodology.

    The indices compiled by B3 adopt concepts and practices set forth in the Concepts and Practices Manual for B3 Indices.

    Objective
    The IGC-NM is designed to measure average stock performance tracking changes in the prices of stocks listed for trading on the segment of B3 known as Novo Mercado, where issuers undertake to adopt higher-level corporate governance standards.

    Index type
    The IGC-NM is a total return index (see the Concepts and Practices Manual for B3 Indices).

    Eligible stocks
    The IGC-NM is composed exclusively of shares and units representing shares of B3-listed issuers that meet the inclusion criteria set forth below.

    The index universe excludes Brazilian Depositary Receipts (BDRs) and shares of issuers under judicial or extrajudicial reorganization, government- or court-ordered administration or intervention, as well as shares otherwise designated to be under exceptional trading status (see the Concepts and Practices Manual for B3 Indices).

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