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S&P launches two new STARS indices

Standard & Poor’s Index Services has announced the launch of two new STARS indices that provide investors with exposure to the top stock picks of S&P’s equity research analysts in America and Europe.

The S&P U.S. STARS Index and the S&P Europe STARS Index are designed to measure the performance of stocks within the S&P Composite 1500 and S&P Europe 350 currently ranked 5-STARS or 4–STARS by Standard & Poor’s equity research services.

The S&P Europe STARS Index contains 25 large-cap European stocks that in the view of Standard & Poor’s Equity Research analysts may outperform the S&P Europe 350 index over a 12-month period.

S&P’s Index Services managing director Eudald Canadell says: “Standard & Poor’s Equity Research already provides independent equity research, free of investment banking and broking conflicts, to clients at some of Europe’s leading investment houses and is widely recognised as a leading source of fundamental, qualitative-driven analysis across the region.

“This new index will enable a wider range of investors to gain exposure to the bottom-up analysis of S&P’s European equity research team and their track record of delivering superior value through changing market cycles, while retaining the hallmarks of independence, transparency and integrity for which Standard & Poor’s has become renowned.”

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