Presentation
The B3 Market Neutral Index is the result of a theoretical portfolio of assets, developed in accordance with the criteria established in this methodology.
Objective
The objective of the B3 Market Neutral Index is to serve as the daily performance indicator of a theoretical portfolio composed of exposure to the IBrX50 and the Ibovespa Futures Contract.
Index Type
The B3 Market Neutral Index is a total return index (BRL), as set forth in the B3 Index Definitions and Procedures Manual.
Portfolio Composition
The index allocation is initially defined as 70% of the resources allocated to the IBrX50 portfolio and 30% to DI, Selic Over, or an asset with equivalent risk, such as an ETF that tracks the ISELIC B3, together with a quantity equivalent to the position in IBrX50 sold in the Ibovespa Futures Contract.