Three Additions/Two Deletions in S-Network ADR Dividend Index Quarterly Rebalancing
New York, NY, September 16, 2016 – The S-Network ADR Dividend Index (Ticker: ADRDX) will add three constituents in its quarterly rebalancing, effective 6:00 PM (EST) Sunday, September 18, 2016. Two constituents will be removed, changing the number of index components to 50.
The additions to ADRDX are Gazprom PAO -SPON ADR (TICKER: OGZD US), British American Tobacco Plc ADR (TICKER: BTI UA), and Marks & Spencer Group PLC ADS (TICKER: MAKSY US).
The deletions from ADRDX are Ecopetrol SA ADR (TICKER: EC UN) and ITV PCL ADS (TICKER: ITVPY US).
The ADRDX is a portfolio of fifty stocks derived from the BNY Mellon Composite Depository Receipt Index (ADR Index). The ADRDX methodology selects the five stocks in each of the ten GICS sectors that make up the ADR Index which offer the highest dividend yields as of the last trading day of May
ADRDX is rules based and fully transparent, employing a methodology that weights all 50 index constituents equally. The index rules and methodology can be found by clicking here.
Index: S-Network ADR Dividend Index TICKER: ADRDX
Index: S-Network ADR Dividend Total Return Index TICKER: ADRDXTR
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...