Standard & Poor’s Index Services has launched two new indices composed of the top stock picks of S&P’s equity research analysts in America and Europe.
The S&P US 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 given four-star or five-star rankings by S&P’s equity research services.
The firm says both indices are equal-weighted, with constituents reviewed and reweigh-ted every month.
The S&P Europe Stars index contains 25 large-cap European stocks that in the view of S&P’s Equity Research analysts should outperform the S&P Europe 350 index over a 12-month period.
S&P’s Index Services man-aging 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 it 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 our hallmarks of transparency and integrity.”