According to a recent press release, the S&P 500 is among the most widely followed gauges of U.S. equity markets. According to Alex Matturri, Executive Managing Director at S&P Indices, “The S&P 500 has served as the cornerstone for the global development of ETF products… since it was first published in 1957.” The Index has over $4.83 trillion benchmarked to it globally and an estimated $1.1 trillion index, claimed the press release.
The licensing agreement also enables Vanguard to launch eight new equity funds and ETFs targeting the growth and value segments of the Index, as well as those relating to the S&P MidCap 400 and S&P SmallCap 600 (see Vanguard to Expand Index Offerings at http://www.planadviser.com/Vanguard_to_Expand_Index_Offerings.aspx). The agreement, claimed Matturri, “underscores Standard & Poor’s commitment to providing global investors with greater access to the products they need to meet their trading objectives.
S&P Indices maintains a wide variety of investable benchmark indices, for more information on the S&P 500 and all of Standard & Poor’s indices, visit www.standardandpoors.com/indices.
More information about the forthcoming Vanguard offerings is at http://www.planadviser.com/Vanguard_to_Expand_Index_Offerings.aspx