–NEW CAC®PME INDEX–
–MORE INDICES TO BE ADDED IN 2014–
Amsterdam, Brussels, Lisbon and Paris –5 March 2014 – Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), welcomes publication of the implementing decree introducing PEA PME savings accounts in France, and today announced the launch of its new CAC® PME index. This unique index is the first in Euronext’s new PEA PME index family, based on the French government’s initiative aimed at encouraging investment in shares and support for financing of SMEs.
The CAC® PME index tracks the performance of between 20 and 40 French companies eligible as investment vehicles for PEA PME accounts and listed on Euronext and Alternext markets in Paris. Its components are based on local trade volumes. The weight of each individual stock is capped at 7.5%. The CAC® PME index is calculated in real time, and its components and weightings are revised each quarter.
“The launch of PEA PME savings accounts and of EnterNext, Euronext’s subsidiary dedicated to SMEs, are key steps towards a reform in the financing of small and mid-sized companies,” said Anthony Attia, CEO of Euronext Paris. “Estimates from the Observatoire des Entrepreneurs indicate that the creation of PEA PME accounts could generate €2.5 billion a year in new liquidity for SMEs, and thus channel some of individual investors’ savings into productive, job-creating investments—in other words, link a portion of French savings to financing of the real economy.”
“The new Euronext PEA PME index family rounds out our range of indices and supports this ambition,” he added. “Its first constituent index, the CAC® PME, actually promotes investment: it is made up of a limited number of shares selected from the most liquid on Euronext and Alternext markets in Paris, and representing a very wide range of sectors.”.
Eric Forest, Chairman and CEO of EnterNext, noted: “PEA PME savings accounts are a major initiative in efforts to get markets for small and mid-sized shares back on track. They’re a simple product that works like existing PEA accounts, which investors are familiar with and have been using for a long time. Savings invested in a PEA PME account and in the products that will be rolled out on the CAC® PME—or on other future indices in the Euronext PEA PME family—are part of the momentum driving EnterNext.”
The CAC® PME index is designated as follows:
ISIN |
Mnemo |
Name |
---|---|---|
FR0011710375 |
CAPME |
CAC®PME |
Index composition:
ISIN |
Name |
Market |
Market cap €m |
---|---|---|---|
FR0010907956 |
CARMAT |
Alternext |
420 |
FR0004163111 |
GENFIT |
Alternext |
392 |
FR0010221234 |
EUTELSAT COMMUNIC. |
Compartment A |
4956 |
FR0000125346 |
INGENICO |
Compartment A |
3381 |
FR0000130395 |
REMY COINTREAU |
Compartment A |
2756 |
FR0010533075 |
GROUPE EUROTUNNEL |
Compartment A |
4502 |
FR0000053225 |
METROPOLE TV |
Compartment A |
2025 |
FR0000051070 |
MAUREL ET PROM |
Compartment A |
1458 |
FR0010259150 |
IPSEN |
Compartment A |
2622 |
FR0000053266 |
SARTORIUS STED BIO |
Compartment A |
2256 |
FR0000031577 |
VIRBAC |
Compartment A |
1401 |
FR0010096354 |
SOLOCAL GROUP |
Compartment B |
371 |
FR0004025062 |
SOITEC |
Compartment B |
254 |
FR0000074130 |
NICOX |
Compartment B |
192 |
FR0010557264 |
AB SCIENCE |
Compartment B |
409 |
FR0004056851 |
VALNEVA |
Compartment B |
275 |
FR0010208165 |
SAFT |
Compartment B |
671 |
FR0010331421 |
INNATE PHARMA |
Compartment B |
323 |
FR0000037046 |
MONTUPET SA |
Compartment B |
425 |
FR0011120914 |
MPI |
Compartment B |
336 |
FR0000038606 |
MANITOU BF |
Compartment B |
514 |
FR0005691656 |
TRIGANO |
Compartment B |
385 |
FR0000125460 |
CANAL PLUS(STE ED) |
Compartment B |
744 |
FR0000060402 |
ALBIOMA |
Compartment B |
528 |
FR0000061129 |
BOIRON |
Compartment B |
1021 |
FR0004024222 |
INTERPARFUMS |
Compartment B |
753 |
FR0000066755 |
HAULOTTE GROUP |
Compartment B |
342 |
FR0004038263 |
PARROT |
Compartment B |
258 |
FR0004037125 |
APRIL |
Compartment B |
683 |
FR0000054694 |
NATUREX |
Compartment B |
484 |
FR0005175080 |
TRANSGENE |
Compartment B |
408 |
FR0000032278 |
AVIATION LATECOERE |
Compartment C |
150 |
FR0000182479 |
ARCHOS |
Compartment C |
109 |
FR0004177046 |
METABOLIC EXPLORER |
Compartment C |
68 |
FR0000074072 |
BIGBEN INTERACTIVE |
Compartment C |
119 |
FR0000130692 |
CHARGEURS |
Compartment C |
73 |
FR0000074783 |
ARTPRICE COM |
Compartment C |
98 |
FR0010949404 |
STENTYS |
Compartment C |
111 |
FR0010095596 |
BIOALLIANCE PHARMA |
Compartment C |
166 |
FR0000120388 |
RECYLEX S.A. |
Compartment C |
88 |
Notes:
1 PEA PME accounts offer the same tax benefits as PEA accounts, allowing account holders to invest up to €75,000 a year in a tax-advantaged product.
2 Securities qualifying for this status are shares or other securities giving investors access to equity, as well as units in mutual or alternative investment funds, on condition such funds be 75% invested in securities issued by SMEs, including 50% in shares issued by SMEs.
3 Small, medium-sized and very small companies qualify. SMEs must qualify under the INSEE definition as companies with under 5,000 employees and sales of below €1.5 billion, or a total balance sheet of less than €2 billion.