Line 3 · IndicesIndices designed
Indices designed
to be replicated.
The BRVM is preparing to launch its first ETFs. We design indices with published rules, calculated daily and reviewed quarterly, for the broker-dealers and fund managers who will launch them.
The index family.
| Index | Approach | Use | Status |
|---|---|---|---|
| WAEMU Dividend | Stocks with high, steady yields | Income ETF, equity fund benchmark | In development |
| WAEMU Banks | Listed banks, weighted and capped | Sector ETF | In development |
| WAEMU Liquidity | Most traded stocks, designed for physical replication | Broad ETF, benchmark | In development |
| Quality and factors | Profitability, balance-sheet strength, low volatility | Smart beta indexing | Under study |
| Islamic finance | Sharia screen, validated by a board | Compliant funds and products | Under study |
Custom indices and licences.
Design
From FCFA 8m, excl. VAT
Rules, universe, weights and back-test.
- Published rulebook
- Back-calculated history
Calculation and maintenance
FCFA 5m / year / index, excl. VAT
Daily calculation, reviews and corporate actions.
- Value dissemination
- Quarterly reviews
Licences
5 basis points of assets
Licence on replicated assets, or a benchmark licence for a fund.
- Benchmark licence: FCFA 1m / year, excl. VAT
GovernanceRules written
Rules written
before the first calculation.
Index committee, public rulebook, scheduled reviews, documented corporate-action handling and a complaints policy: our framework draws on the IOSCO principles for financial benchmarks.