Bovespa is an index of about 50 stocks that are traded on the Sao Paulo Stock Exchange. The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It’s revised quarterly, in order to keep its representitiviness of the volume traded and in average the components of Bovespa represent 70% of the all the stock value traded.
Bovespa is an accumulation index. Its index number represents the present value of a portfolio begun in January 2nd, 1968, with a starting value of 100.
Index value can be retrieved via
Cbonds add-in for Excel using the formula
CbondsIndexValue(368, date)