OTC Markets Group Announces Quarterly Index Performance and Rebalancing
OTC Markets Group Announces Quarterly Index Performance and Rebalancing
This month, OTC Markets Group announced the first quarter 2018 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
The OTC’s US Inexes preformed poorly in the first quarter. The OTCQX U.S. Index (.OTCQXUS) was down 8.4% and the OTCQB Venture Index (.OTCQB) was down 14.2% in the first quarter.
Nine companies were added to the OTCQX U.S. Iindex and 12 companies were removed. One hundred nineteen companies were added to the OTCQB Venture Index and 94 companies were removed.
For a list of all index additions and deletions, visit: https://otc-ct-otcm-backend-prod.s3.amazonaws.com/files/Quarterly_Index_Constituent_Changes.pdf
Other OTC Idexes performance and rebalances:
The OTCQX Composite Index (.OTCQX), a benchmark for the overall OTCQX Best Market, was down 0.8% in the first quarter.
The OTCQX Billion+ Index (.OTCQXBIL), which tracks the performance of $1 billion-plus market cap OTCQX companies, was down 0.7% for the quarter.
The OTCQX Dividend Index (.OTCQXDIV), which tracks dividend-paying U.S. and international OTCQX companies, fell 1.2% in the quarter.
The OTCQX Banks Index (.OTCQXBK), comprised of OTCQX community and regional banks, increased 4.7% in the quarter.
The OTCQX International Index (.OTCQXINT), a benchmark for international OTCQX companies, was down 0.7% for the quarter.
The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was down 7.4% in the first quarter. Twenty-one companies were added to the index and 5 companies were removed. Lithium Americas graduated to the NYSE on 1/25/2018.
The OTCQX U.S. Index (.OTCQXUS), a benchmark for U.S. OTCQX companies, was down 8.4% in the first quarter. Nine companies were added to the index and 12 companies were removed.
The OTCQB Venture Index (.OTCQB), which tracks the overall OTCQB Venture Market, was down 14.2% in the first quarter. One hundred nineteen companies were added to the index and 94 companies were removed.
The OTCM QX ADR 30 Index (.OTCQX30), powered by BNY Mellon DR IndicesSM and comprised of the 30 largest, most actively-traded OTCQX American Depositary Receipts, was down 0.8% in the first quarter.
The OTCM ADR Index (.OTCDR), powered by BNY Mellon DR Indices and comprised of ADRs traded on the OTCQX, OTCQB and Pink® markets, was unchanged from the previous quarter. Six companies were added to the index and 8 companies were removed.
Learn more HERE.