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FP to account for 20% of BET and 30% of BET-FI indices of Bucharest Stock Exchange

Autor: Andrei Chirileasa

17.03.2011, 23:49 11

Fondul Proprietatea (FP) will become one of the most importantissuers in the structure of four bourse indices: BET, BET-C, BET-FIand BET-XT, whose trend it will impact significantly from nowon.

These are the most sweeping changes seen in Bourse indices inrecent years. Starting Monday, FP will weigh almost 20% in the BETindex that gauges the trend of the ten most important companieslisted on the Bourse and will account for 30% in the BET-FI index,which has so far been exclusively destined to financial investmentcompanies (SIF).

This is the first time the BET and BET-FI indices will have acommon component, yielding a tighter correlation between them. Theintroduction of FP in bourse indices is also likely to be a factorof stability for them, considering the daily fluctuations of thefund's stock have in the past month been much lower than those ofindices. It remains to be seen to what extent FP shares willcontribute to indices' performances this year.

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