S-Network Global Indexes LLC announced today the launch of the S-Network Sector Dividend Dogs Index (Ticker: SDOGX). The SDOGX is a portfolio of 50 stocks derived from the S&P 500�. The SDOGX selects the five stocks in each of the ten GICS sectors that make up the S&P 500 which offer the highest dividend yields as of the last trading day of November.
Sector Dividend Dogs isolates those S&P 500 constituents with the highest dividend yield in their respective sectors with the expectation that pressure exerted by investors will bring their yield into line with the overall market over the ensuing 12 months
New York, NY (PRWEB) May 24, 2012
S-Network Global Indexes LLC announced today the launch of the S-Network Sector Dividend Dogs Index (Ticker: SDOGX). The SDOGX is a portfolio of 50 stocks derived from the S&P 500�. The SDOGX selects the five stocks in each of the ten GICS sectors that make up the S&P 500 which offer the highest dividend yields as of the last trading day of November.
Live calculation of the index began on May 1, 2012 and historic data is available from December 31, 1999.
Said Joseph LaCorte, CEO of S-Network ?Sector Dividend Dogs isolates those S&P 500 constituents with the highest dividend yield in their respective sectors with the expectation that pressure exerted by investors will bring their yield into line with the overall market over the ensuing 12 months.?
The S&P 500 is the leading benchmark index for the large cap component of the US stock market. It has been published continuously since 1957 and is float-adjusted capitalization weighted. The S&P 500 provides the universe of stocks for SDOGX. SDOGX, like the S&P 500, divides into ten GICS sectors: energy, materials, industrials, consumer discretionary, consumer staples, health care, financials, information technology, telecommunications, and utilities.
SDOGX is rules based and fully transparent, employing a methodology that weights all 50 index constituents equally. Information about the index, including rules, historic return data, index fact sheets and presentations can be found at http://www.sectordividenddogs.com.
Said Richard Phillips, Senior Index Analyst at S-Network, ?This index provides a performance benchmark for the many investors who invest in high dividend yield securities.? The index has a high correlation to the S&P 500, while providing consistent performance since its inception.
The S-Network Sector Dividend Dogs Index is published by S-Network Global Indexes, LLC. S&P Custom Indices maintains and calculates the index.
ALPS Advisors, Inc. has licensed the index to serve as the basis for a US-listed ETF, pending regulatory approval.
About S-Network Global Indexes LLC.
S-Network Global Indexes LLC is a publisher and developer of proprietary and custom indexes. S-Network, founded in 1997, has specialized in indexes, indexation, and index-based products, including ETFs. More about S-Network can be found at http://www.snetglobalindexes.com.
S&P Custom Indices is an acknowledged global leader in the calculation of custom indices, providing unparalleled services in the design, construction, management and distribution of custom indices.
It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.
Contact:
Joseph LaCorte
S-Network Global Indexes LLC
267 Fifth Avenue
New York, NY 10016
Phone: (646) 467-7927
http://www.sectordividenddogs.com
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