Special Corporate Governance Stock Index (IGC)

Special Corporate Governance Stock Index (IGCX)

  • The index

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

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

    Objective
    The IGC is designed to measure average stock performance tracking changes in the prices of stocks listed for trading on the special corporate governance segments of BM&FBOVESPA known as Level 1, Level 2 and Novo Mercado.

    Index type
    The IGC is a total return index (see the Concepts and Practices Manual for BM&FBOVESPA Indices).

    Eligibles stocks
    The IGC is composed exclusively of shares and units representing shares of BM&FBOVESPA-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 BM&FBOVESPA Indices).

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