New York, NY (PRWEB) June 14, 2013
S-Network Global Indexes LLC announced today the launch of the S-Network International Sector Dividend Dogs Index (Ticker: IDOGX). IDOGX is a portfolio of stocks derived from the S-Network Developed Markets (ex-Americas) Index (S-Net DMI). The IDOGX selects the five stocks in each of the ten GICS sectors making up the S-Net DMI that offer the highest dividend yields as of the last trading day of November.
Said Richard Phillips, Senior Index Analyst at S-Network, “At a time when yield is a driver in a growing number of investment decisions, IDOGX provides a clear benchmark for measuring the performance of high-yielding international equity portfolios.” With a current dividend yield of 5.95%, IDOGX ranks among the highest yielding sector-diversified equity indexes in the world.
IDOGX is rules based and fully transparent, employing a methodology that weights all 50 index constituents equally.
Said Joseph LaCorte, CEO of S-Network, “This index takes the well-established Sector Dividend Dogs theory and applies it to international markets with comparable results.” The S-Net DMI provides the universe of stocks for IDOGX. The S-Net DMI is a float-adjusted, capitalization weighted benchmark index of large cap stocks domiciled in developed markets outside the Americas.
Live calculation of the index began on June 10, 2013. Historic data is available from December 31, 1999. Information about the index, including rules, historic return data, index fact sheets and presentations can be found at http://www.sectordividenddogs.com.
The S-Network International Sector Dividend Dogs Index is published by S-Network Global Indexes, LLC. S&P Dow Jones Indices serves as calculation agent.
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 Dow Jones 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 Dow Jones 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 Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation for calculating third party indices.