S-Network Global Indexes announced today the launch of its new S-Network Sector Leaders Index (Ticker: SLDRX). SLDRX is a portfolio of large capitalization stocks that have been screened for fundamental characteristics associated with growth and quality.
SLDRX comprises 45 stocks, which are all constituents of the S&P 500. SLDRX selects the five stocks in each of nine GICS sectors (Telecom and IT are combined) that demonstrate the strongest growth and highest quality characteristics in their respective sectors.
Said S-Network CEO Joseph LaCorte, “This multi-factor index includes stocks with solid growth metrics, combined with key measures of financial quality. Its unique construction methodology assures sound diversification across sectors.”
SLDRX has been licensed by ALPS to serve as the basis for an index-linked ETF (Ticker: SLDR), which is listed on the New York Stock Exchange.
SLDRX is a “smart beta” index and is entirely rules based. Live calculation of the index commenced June 30, 2015. Back tested performance history is available from December 31, 1999. The index reconstitutes quarterly.
Information about the index, including rules, historic return data, index fact sheets and presentations can be found at www.sectorleadersindex.com.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 2005, S-Network publishes over 200 indexes, which provide the foundations for financial products with approximately $4.5 billion in assets under management.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with over USD 8 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...