S-Network Global Indexes, Inc. today announced a new suite of nearly 70 benchmark indexes. The suite includes equity benchmarks covering US, Europe, Pacific, Developed, and Emerging Market regions, complete with sector sub-indexes. Click here for a short presentation on the benchmarking system.
The US series also groups by market capitalization, and growth vs. value styles. The equity benchmarks include only operating companies; REITs and MLPs are represented in separate benchmarks under the Alternative Investment category.
“We’re pleased to help fulfill a need in the market for low cost, 100% rules-based indexes that are supported by accurate historical price and constituent-level data,” said Joseph LaCorte, co-founder and CEO of S-Network Global Indexes. “The indexes provide unprecedented levels of transparency and utility and may be used as the underlying universes for ‘smart beta’ indexes, performance benchmarking, and institutional investment.”
LaCorte continued, “Significantly, the S-Net benchmark family offers methodologies that for the first time are consistent across geographic regions, capitalization groupings, selection criteria and weighting formulae.”
The new S-Network suite of benchmarks highly correlate to comparable major benchmarks while offering improvements at the global level. The new family of interlocking, complementary indexes form a methodologically consistent whole without sacrificing correlation with comparable major benchmarks. Time series comparisons are available in S-Network’s interactive index comparison tool.
“There has long been a need among institutional investors for a comprehensive family of benchmark indexes that are fair, open, transparent and, most importantly, low cost,” said Herbert Blank, S-Network’s head of business development.
The S-Network Global Benchmarking System features daily constituent files and index values for price, total return, and net total return variants in USD and Euro from December 31, 1999. The data will be available via S-Network’s FTP, as well as most major data providers.
“An important use for these indexes is in the burgeoning smart beta space, where strong demand exists for fully cleansed data that has been aggregated into logical sets,” said Patrick Shaddow, S-Network’s Director of Index Development.
More information about the S-Network Global Benchmarking System—including time series data, current constituents, detailed rulebooks, and marketing materials—can be found at www.snetbenchmarkindexes.com