The indexes are based on Standard & Poor’s popular Global Picks model portfolios, which each comprise 30 stocks from the U.S., Asia, and Europe that S&P Equity Research analysts consider to be positioned for superior growth, the company said. Stocks within the portfolios are also drawn from a range of sectors, with the indexes providing diversified and global exposure to growth companies.
Unlike many strategy indexes, S&P said the underlying stock selection for the PowerPicks are driven by equity analysts, rather than quantitative data. The constituent stocks are equally weighted between three developed market regions and diversified across all 10 economic sectors as defined by the Global Industry Classification Standard, according to a press release.
The S&P Global PowerPicks Index will run from January to December, and the S&P Global Mid-Year PowerPicks Index will run from July to the following June.
The indexes have been designed to be highly liquid and have the potential to be used as a basis for index-linked and structured products, S&P said.
More information is availabe at www.standardandpoors.com/indices.