AGRI focuses on primary agriculture worldwide with a strong focus on producers of the various products that are essential to agricultural production worldwide.
New York (Vocus) September 18, 2008
The S-Network ITG Agriculture Index℠ (Ticker: AGRI) of leading global agriculture industry stocks has commenced real-time price dissemination.
Data is available through most data vendors. AGRI is published by S-Network Global Indexes, LLC and S&P Custom Indexes serves as its calculation agent.
The capitalization weighted, float-adjusted index incorporates companies engaged in four primary agricultural sectors: a) Seeds, Chemicals and Fertilizers, b) Equipment and Irrigation, c) Commodity Agricultural Products and d) Livestock Producers and Aquaculture.
Says Joseph LaCorte, Managing Director of S-Network, “AGRI focuses on primary agriculture worldwide with a strong focus on producers of the various products that are essential to agricultural production worldwide.” The index excludes companies engaged in food processing and distribution.
The S-Network ITG Agriculture Index℠ is designed to serve as a fair, impartial and transparent measure of the performance of the global agriculture industry. It includes stocks from 12 countries. To be included in the index a company must generate at least 50% of its annual revenues from participation in the agricultural sector.
The S-Network ITG Agriculture Index℠ has been licensed to financial services firms, who plan to offer listed investment and risk management products, including ETFs, on the index.
Detailed information, including constituent data, rules and price information, on the S-Network ITG Agriculture Index℠ is available at http://www.snetagricultureindex.com.