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Interesting facts about the IBEX35 (Spain 35 Index Cash)

Iberian IndEX, or IBEX 35, is from Spain, so it is often referred to as the Spain 35 index. Since its foundation at the beginning of 1992, the IBEX 35 index has been administered by Bolsas y Mercados Españoles (BME), which runs Spain's securities markets. The 35 most liquid Spanish stocks are reviewed every year in June and December by the Technical Advisory Committee.

If a company wants to be included in the great list of 35 giants, it has to show significant performance. The stock should be traded during at least one-third of all trading days in the previous half a year. Besides that, the average free-float market cap of the company's stock must be at least 0.3% of the total index market cap. It is also required for the company to be on the top twenty list in the market cap.

The index includes companies from different sectors. The most valuable company in Spain – ITX (Industria de Diseño Textil) – is on the index's components list. ITX has a market value of approximately €75 billion. You may have heard about its famous branches, like Zara and Zara Home, Pull & Bear, Bershka, Stradivarius, Massimo Dutti, and Oysho. When the Dotcom bubble burst in 2001 and 2002, the Spain 35 suffered as well, like many other indices.

The highest records were reached between 2003 and 2007 – the most successful years for the index so far. The strong growth in the country's economy, which also positively affected real estate stocks, made all the shareholders happy. The all-time record price – 15,945.70 points – was reached in November 2007.

Unfortunately, the 2007-2008 crisis hit hard, and the next anti-record was on its way in January 2008. It was the second major fall of the Spanish equity market since 1987. Naturally, the IBEX 35 suffered, too. In 2015, however, things were getting back to normal. The rate of foreign investment was 5% more than the average rate among the European Union.