Throughout 2024, B3, Brazil's stock exchange, launched seven new indexes, most of which were derived from Ibovespa, the main performance indicator for shares traded on the exchange that brings together the most important companies in the Brazilian capital market. This was the year with the most index launches in the history of the exchange.
B3 aims to be the country's leading index provider and to increasingly offer products that generate real opportunities for investors. The development of new indexes was mainly driven by demand from clients and investors.
“The modernization of the capital market in recent years has created an ever-increasing demand for products aimed at portfolio diversification. We work together with several asset managers to meet requests for the development of customized indicators and expand investment opportunities, both in variable income and fixed income,” says Ricardo Cavalheiro, B3’s index superintendent.
In 2022, B3 launched a platform for developing on-demand indexes. Using big data technologies and agile methodology, it is possible to build indexes more quickly and effectively to meet market demands.
The platform allows the development of different sub-indexes, which can be used to create products such as ETFs, which are index funds whose shares are traded on the stock exchange, as well as other investment instruments that seek exposure to index asset portfolios.
Since the platform was launched, 13 on-demand indexes have been launched: B3 Decarbonization Credit Index (ICBIO B3), B3 Agribusiness Index (AGFS), B3 Livestock Futures Index (IFBOI), B3 Corn Futures Index (IFMILHO), B3 DAP5 Index (IDAP), B3 Bovespa Smart Dividends Index (IBSD), IDiversa, B3 Bovespa Smart High Beta Index (IBHB), B3 Bovespa Smart Low Volatility Index (IBLV), B3 BR+ Index (IBBR), B3 State-Owned Companies Index (IBEE), B3 Private Companies Index (IBEP) and B3 Bovespa Equal Weight Index (IBEW), which represents 30% of all the indexes that were launched over almost six decades.
Discover all the indexes launched by B3 in 2024:
S&P/B3 Ibovespa VIX (VXBR) – Implied volatility index created in partnership with S&P Dow Jones Indices, it is the first index to track the Brazilian domestic market based on the methodology of the Cboe Volatility Index (VIX index), owned by Cboe Global Markets. Created to measure the short-term volatility implied by the prices of Ibovespa B3 options, the index offers a transparent and efficient 30-day view of volatility expectations in the Brazilian market.
Ibovespa Smart High Beta B3 (IBHB) – The indicator was created with the objective of capturing, within the Ibovespa B3 portfolio, the performances of assets that stand out in terms of high sensitivity to market fluctuations, aimed at investment strategies that seek to classify and analyze assets considering their price fluctuation.
Ibovespa Smart Low Volatility B3 (IBLV) – The indicator aims to capture, within the Ibovespa B3 portfolio, the performances of assets that stand out in low volatility in relation to market fluctuations, also aimed at investment strategies that seek to classify and analyze assets considering their price fluctuation.
Ibovespa B3 BR+ (IBBR) – The broad index combines companies participating in the Ibovespa B3 with Brazilian companies listed abroad that have Brazilian Depositary Receipts (BDRs) traded in the country. The indicator considers the average performance of the prices of assets with the greatest tradability and representation on the Brazilian stock exchange, including shares, units and BDRs.
Ibovespa B3 State-Owned Companies (IBEE) – The indicator aims to measure the average performance of assets with the highest tradability, representation and which have state share control. The selection includes exclusively shares and units of listed companies that are part of the Ibovespa B3 portfolio and which have State or State Holding share control declared in their registration form (FCA).
Ibovespa B3 Private Companies (IBEP) – The index measures the average performance of the most tradable and representative assets that have private share control. The composition includes shares and units of listed companies that are part of the Ibovespa B3 and that are not part of the Ibovespa B3 State-owned companies.
Ibovespa B3 Equal Weight (IBEW) – The indicator aims to equalize the participation of companies in the Ibovespa B3 portfolio at the time of its formulation and in its periodic adjustments, offering a more deconcentrated portfolio. Thus, the investor can analyze the market performance in a way that the performance of large companies does not impact the view of the overall picture as much.
About B3
B3 SA (B3SA3) is one of the world's leading financial market infrastructure companies and one of the largest in market value among global leaders in the stock exchange sector. It connects, develops and enables the financial and capital markets and, together with its clients and society, enhances Brazil's growth.
It operates in the stock exchange and over-the-counter environments, in addition to offering products and services for the financing chain. Headquartered in São Paulo and with offices in Chicago, London, Singapore and Shanghai, it plays an important role in the market by promoting best practices in corporate governance, risk management and sustainability.
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