Measuring the Impact of Brexit on UK Companies
The Brexit 50/50 Indices two indices are designed to act as barometers for assessing how Brexit is impacting UK companies by analysing the difference in performance between those companies that generate a large portion of their revenues from the UK compared to those that have less revenue exposure to the UK.
— View Live Index Data: Bats UK Brexit High 50 | Bats UK Brexit Low 50 —
Analysing Performance by UK Revenue Exposure
Bats partnered with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, to create the new Brexit 50/50 indices. The indices, which are calculated in real-time, utilise FactSet’s Geographic Revenue Exposure (GeoRev™) data to normalise and geographically analyse where UK-listed companies generate their revenues.
To create the indices, the constituents of the Bats UK 100 Index (BUK 100), which tracks the top 100 UK-listed companies based on market capitalisation, were split into two groups – those with the largest and smallest proportion of GBP revenues.
|Index name||Description||BBG Ticker||RIC||ISIN||FactSet ticker|
|Bats UK Brexit High 50||Comprised of the 50 companies in the Bats 100 UK Index that derive the largest portions of their revenues from the UK.||BUKHI50P||.BUKHI50P||DE000SLA3F88||BUKHI50P00000|
|Bats UK Brexit Low 50||Comprised of the 50 companies in the Bats 100 UK Index that derive the smallest portions of their revenues from the UK.||BUKLO50P||.BUKLO50P||DE000SLA3GA4||BUKLO50P00000|
Standardised Format with Benchmarks
Bats’ Brexit 50/50 Indices are managed under the same rules and methodologies used for all Bats benchmark indices so can be compared accurately with all of Bats national market and sector indices.
Bats’ pan-European approach allows for comparable benchmarks across Europe for the first time. Unlike current benchmarks, all Bats Indices will be created with the same methodology and rules. For a more detailed look, visit the pages linked below.