Dictionary of Finance and Investment Terms: euronext 100 index
euronext 100 index
the blue chip index of the pan-European exchange, comprised of the largest and most liquid traded stocks. Each stock must reach a trade velocity ratio fo 20% per year, or turnover of more than 20% of its issued shares over the course of the rolling oneyear analysis period. The index is reviewed quarterly through a size and liquidity analysis of the investment universe. Stocks in the index represent 81% of the total market capitalization of the investment universe as of Dec. 31, 2000. Each stock in the index is given a sector classification. Analysis indicates a high correlation with the Cac 40 Index.
