Brazil Launches SME Indices

Brazil’s equities, futures and derivatives exchange has launched two new indices to track the performance of small and medium-sized companies. The BM&FBovespa MidLarge Cap (MLCX) and the BM&FBovespa Small Cap (SMLL) indices will track companies whose market caps fall within the assigned categories. Some 85% of the Bovespa’s market cap falls under the MidLarge Cap parameters, says the exchange.