S-Network Global Indexes announced today the launch of its new S-Network Sector Low Volatility Index (Ticker: SLOWX). SLOWX is a portfolio of large capitalization stocks listed on US exchanges that have been screened for low daily price volatility.
SLOWX comprises 45 stocks, which are all constituents of the S&P 500. The index selects the five stocks in each of nine GICS sectors (Telecom and IT are combined) with the lowest daily volatility over the previous twelve months. SLOWX is a “smart beta” index and entirely rules based.
Said S-Network CEO Joseph LaCorte, “This index offers consistently low volatility in increasingly volatile markets and its unique construction methodology assures sound diversification across sectors.”
SLOWX has been licensed by ALPS to serve as the basis for an index-linked ETF (Ticker: SLOW), which is listed on the New York Stock Exchange. 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.sectorlowvolindex.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. S-Network began publishing indexes in 2006 and currently publishes over 300 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 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...