AUTOS is designed to serve as a fair and transparent measure of the performance of the global automotive industry.
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New York, NY (PRWEB) May 18, 2011
S-Network Global Indexes LLC announced today the launch of a new index that tracks the performance of the global automotive industry: The S-Network Global Automotive IndexSM (Ticker: AUTOS). Live intraday calculation of the index begins today May 18, 2011. Daily closing values are available from December 31, 2005.
Said Richard Phillips, Senior Index Analyst of S-Network, “AUTOS is designed to serve as a fair and transparent measure of the performance of the global automotive industry. This index comes to the market as international vehicle sales continue to rebound and several automotive manufacturers have recently posted strong profits.”
The modified capitalization weighted, float-adjusted index incorporates 50 constituents engaged in the automotive industry. To be included in the index a company must generate over 50% of gross revenues from the primary automobile industry. The index is rules-based. Information about AUTOS, including rules and index fact sheet, can be found at http://www.snetautoindex.com.
S-Network Global Indexes LLC is the index publisher for AUTOS.
AUTOS has been licensed by Global X Funds to serve as the underlying index for a US listed ETF (Ticker: VROM).
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.