Brazil’s equity and futures exchange BM&FBOVESPA (BVMF) has signed a memorandum of understanding (MOU) with S&P Dow Jones Indices (S&P DJI) to create and launch new, co-branded equity indices for the Brazilian marketplace. Each of these new indices will be calculated, published, and marketed globally by S&P DJI.
The pool of indices being considered at this stage include factor-based indices - such as dividend, volatility, and multi-asset, risk control, and sector indices. Each new index would also be designed to potentially serve as the basis for index-based investment products, said the index providers in a statement.
According to Edemir Pinto, CEO of BVMF the partnership between the two firms is a very important step towards increasing opportunities in the development of the Brazilian capital market.
“This move represents a raise on the offering of indices by a relevant and highly-skilled international player,” he said. “The association of our brand to S&P DJI’s on new co-branded indices will reinforce BVMF’s position overseas through S&P DJI’s global index distribution.”
By way of the MOU, all new equity indices developed and launched as part of this agreement will be co-branded "S&P/BM&F BOVESPA". The agreement also paves the way for a broader relationship between the two parties, including the expansion into other asset classes.
See also:
S&P DJI partners with KRX on commercial licensing and new equity benchmarks
S&P DJ: Retail investors favour ‘guarantee of quality’ over black box approach
S&P DJI teams up with Toronto Stock Exchange to launch factor-based indices
S&P DJI to license, distribute and manage Mexico’s BMV indices