Campari to join S&P/MIB index
Milan, 22 December 2003 - Davide Campari – Milano S.p.A. (Campari), will replace Parmalat Finanziaria SPA in the S&P/MIB Index at the open of trading tomorrow, Tuesday, December 23, 2003.
Campari will be included to the S&P/MIB in the “Consumer Staples” economic sector within the “Distilleries & Vintners” sub-industry, according to the GICS (Global Industry Classification Standard).
The S&P/MIB Index, which currently includes 40 stocks listed on Borsa Italiana markets, is the only Italian equity index that relies on Standard & Poor's world-renowned approach to index construction. It features free float adjustment, high liquidity and broad, accurate representation of market performance based on the leading companies in leading industries, according to the GICS.
S&P/MIB is currently the sole benchmark index on which an ETF (Exchange-Traded Fund) has been listed. The first covered warrants will be listed in January 2004, followed in March by the futures and options on S&P/MIB, the new derivatives, which will progressively replace the current ones listed on MIB30.