Coral Gables, FL (PRWEB) May 28, 2013
MarketGrader Capital, LLC, announced it has engaged John Prestbo, widely regarded as a guiding force behind the Dow Jones Indexes, as a senior adviser to assist in the growth and development of the Barron’s 400 Index.
Prestbo, who is also a columnist for MarketWatch and author, will bring his expertise to MarketGrader’s plans to establish greater prominence to the Barron’s 400 Index, which was jointly developed by Barron’s and MarketGrader.
“We are delighted to have John Prestbo’s expertise and wisdom at hand as we bring investor attention to the Barron’s 400 Index, which provides a key reflection of how many of the best public companies in America are doing,” said Carlos Diez, MarketGrader Capital CEO.
Prestbo will also write a frequent column, the “Barron’s 400 Diary,” about the performance, composition and characteristics of the index, or B400, including insights the index provides for the stock market in general.
Prestbo is a long-time veteran of Dow Jones & Co., and joined the company’s Wall Street Journal in 1964 as a reporter. He recently retired as editor and executive director of Dow Jones Indexes, which is now part of S&P Dow Jones Indices. He has appeared regularly on CNBC and Fox Business shows.
"I worked on the development of the Barron's 400 Index when I was with DJ Indexes, and from the beginning I was impressed with the rigor that MarketGrader brought to selecting its components,” said Prestbo. “Now I'm pleased to lend a hand in heightening awareness of the index and demonstrating how useful it can be to investors of all sizes."
MarketGrader http://www.marketgrader.com scores stocks on the basis of fundamental factors and chooses the components of the B400. The proprietary analytics supplied by MarketGrader evaluate stocks’ growth, value, profitability and cash flow.
Barron’s http://www.barrons.com , America’s premier financial magazine, reaches an influential audience of senior corporate decision makers, institutional investors, individual investors and financial professionals through its print edition, online services and conferences.
Since its inception in 2007, the Barron’s 400 Index has generally outperformed other major U.S. stock indexes. Earlier this year, ALPS Advisors, Inc. filed with the SEC seeking permission to create a passively managed ETF based on the Barron's 400 Index.