By opening an account with Deriv, you can invest in various Stock index CFDs including the FR40 (France 40 index).
In this article, we will explain more about one of the most popular stock index CFDs, FR40 (France 40 index).
What is FR40 (France 40 index)?
The France 40 Index (FR40), also known as CAC40 or FCHI, is a free-float market capitalization-weighted index that calculates constituents based on the market capitalization of issued shares.
It reflects the performance of the 40 largest and most actively traded stocks listed on the French stock exchange Euronext Paris.
FCHI is the most widely used indicator of the performance of the Paris stock market and the French economy.
The index is managed by Euronext, a pan-European exchange group, and is the source of futures, structured products, options, funds and exchange-traded funds.
Invest in FR40 (France 40 index) with Deriv
How is CAC 40 evaluated?
FCHI is reviewed quarterly by an independent index steering committee called the Conseil Scientifique.
Changes made by the Review Committee will take effect within a minimum of two weeks.
As with any major index, significant economic conditions and significant changes in constituents play an important role in the evaluation of the France 40 Index.
Most of the companies listed on CAC 40 are based in France.
However, many of the listed shares are owned by non-French investors, as CAC 40 listed companies are more multinational than other European markets.
History of FR40 (France 40 index)
CAC 40 was named after the electronic trading system “Cotation Assistée en Continu” (continuous support price) adopted by the French stock exchange Paris Bruce from the 1980s to the 1990s, in 1987. It was announced on December 31st. The reference value was 1,000 and the market capitalization was equivalent to 370,437,433,957.70 French francs.
CAC 40 hit a record high of 6922.33 points in September 2000, when the IT bubble broke out. From December 1, 2003, it has been changed from market capitalization dependent to floating stock market capitalization dependent, following other typical stock indexes.
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March 26, 2024
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