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BYMA and S&P Dow Jones Indices launch the first sectorial indexes for the Argentine market

Bolsas y Mercados Argentinos ("BYMA") and S&P Dow Jones Indices ("S&P DJI") have launched nine sectoral indices representing key segments of the local market.

6 min
|
8/6/2019
BYMA and S&P Dow Jones Indices launch the first sectorial indexes for the Argentine market

These new sector indexes are the first of their kind in Argentina and will serve as a crucial benchmarking tool for the investment community locally and internationally.The indices include stocks that are part of the S&P/BYMA General Index and represent key segments of the Argentine economy:

  • S&P/BYMA Energy
  • S&P/BYMA Intermediate Goods
  • S&P/BYMA Industry and Capital Goods
  • S&P/BYMA Non-Core Consumption
  • S&P/BYMA Consumer Staples
  • S&P/BYMA Financial Services
  • S&P/BYMA Telecommunications
  • S&P/BYMA Utilities
  • S&P/BYMA Real Estate

Based on the international GICS® (Global Industry Classification Standard International) classification system, which categorizes companies according to sector and industry, the new sector indexes are the latest result of the collaboration between S&P DJI and BYMA, which aims to create relevant and useful indexes for local and international market participants."We are very excited about our relationship with BYMA, which is allowing us to create tools to contribute to the development of capital markets," said Silvia Kitchener, Director of Product Management at S&P DJI. "As stock markets in Argentina grow, these new sectoral indexes will allow investors and analysts to focus for the first time on specific areas of the market.""We are proud to announce this launch that positions us at levels similar to the most evolved capital markets in the world," expressed Ernesto Allaria, President of BYMA. "The sectoral indexes provide valuable information for the analysis and monitoring of the different sectors of the economy. In this way, they contribute to transparency and open up new possibilities for all participants, especially for the asset management industry." These sector indexes will join the existing family of S&P DJI indexes in Argentina, which includes the S&P/BYMA Índice General, the S&P MERVAL and the S&P MERVAL Argentina. Full factsheets and methodologies are available here.About S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global hub for essential index-based ideas, data and research. It is also the birthplace of iconic market indicators such as the S&P 500® and the Dow Jones Industrial Average®. There are more assets invested in products linked to our indexes than in the products of any other provider in the world. Since Charles Dow created the first index in 1884, S&P DJI has been dedicated to the innovation and development of indexes within various asset classes, helping to define the way investors measure and trade markets.S&P Dow Jones Indices is a subsidiary of S&P Global (NYSE: SPGI), which provides the fundamental information that people, businesses and governments need to make decisions with confidence. For more information, visit www.spdji.com.

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