What is the OBX Index?
The OBX Index is a stock market index listing the 25 most liquid companies on the main index of the Oslo Stock Exchange in Norway. The companies listed on the index are reviewed and rotated twice a year.
Where have you heard about the OBX Index?
The OBX Index is a tradable index with exchange traded futures and options available. Some of the well-known companies currently listed on the OBX Index include Norwegian Air Shuttle, Golden Ocean Group and Marine Harvest.
What you need to know about the OBX Index.
The OBX Index is a revised on a semi-annual basis, with composition changes and cappings implemented on the first Friday after the third Thursday in June and December. The total weighting of non-EEA companies is capped to 10% to comply with the UCITS III. In the days between the composition review, the number of shares for each constituent is fixed. Other companies currently listed on the index include Opera Software, REC Solar, Storebrand, Telenor and Subsea 7.