As Brexit uncertainty continues to dominate the UK political and economic landscape, Capital.com has launched two specialist indexes enabling clients to speculate on the fortunes – or otherwise – of blue chip shares.
The indexes are the UK Brexit High 50 and the UK Brexit Low 50 – and they can be traded through Capital.com trading. Clients can buy if they think the index will rise, or short-sell if they think the index will fall.
The Brexit High 50 is an index based on the 50 largest UK-listed companies that derive the largest portion of their revenue from the UK. This is a barometer that is designed to measure the impact of the ongoing Brexit discussion – and Brexit itself – on the fortunes of these domestically-focussed businesses. Just like other stock market indexes, the Brexit High 50 will rise and fall as the share prices of the companies making up the index fluctuate. Companies within the index include for example: insurer Admiral; telecoms business BT; airline EasyJet; retailer Sainsbury. Currently this index is down 14 per cent for the year to date.
The Brexit Low 50 is an index based on the 50 largest UK-listed companies where the smallest part of their revenue comes from the UK. This index is designed to measure the various Brexit factors on the fortunes of those businesses that are not reliant on the UK for a significant portion of their income. As above, the Brexit Low 50 will rise and fall as the share prices of the companies making up the index fluctuate. Companies within the index include for example: miner Anglo American; beverages business Diageo; leisure company Intercontinental Hotels; engineer Rolls-Royce. Currently this index is down 10 per cent for the year to date.