The imposition of the new liquidity standard greatly enhances the overall efficiency of the index. The geographic and sector breakdowns of the index remain materially unchanged.
New York, NY (PRWEB) March 18, 2008
The S-Network Global Gaming Index (TICKER: WAGR) will add three new components and delete seven components, effective 6:00 PM (EST) Sunday, March 23. The three additions to the index resulted from stocks either passing eligibility tests for market capitalization since the last rebalancing or being added to the universe. The deletions were caused mainly by index rule changes, which raised certain eligibility standards. A new liquidity standard of USD 1 million per day in daily turnover was imposed.
The deleted stocks accounted for 1.06% of the index, and will have little material impact on the overall composition of the index, especially when taken together with the three new additions. Said Joseph LaCorte, head of the S-Network Global Gaming Index Committee, "The imposition of the new liquidity standard greatly enhances the overall efficiency of the index. The geographic and sector breakdowns of the index remain materially unchanged." A complete list of constituents and weights for the reconstituted index will be posted on the S-Net Gaming web site on Monday, March 24. (http://gaming.snetglobalindexes.com/about_the_indexes.php)
The S-Network Global Gaming Index is a modified capitalization-weighted, float adjusted index of 65 of the most prominent pure-play gaming industry stocks in the world. To be included in the WAGR index stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
Detailed information, including constituent data, rules and price information, on the S-Network Global Gaming Index is available at http://www.snetgamingindex.com. Data is also available through most vendors of financial data.
Index / Ticker:
S-Net Global Gaming Index (USD) / WAGR
S-Net Global Gaming Index (EUR) / WAGRE
S-Network Global Indexes, LLC
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