March 12, 2008 at 6:00 am by Tom Lydon
Dow Jones Indexes has launched a new series – could an exchange traded fund (ETF) be far behind?
Dow partnered with Transparent Value LLC to deliver the Required Business Performance Index series, which measures the likelihood a company can deliver the performance required to support its current stock price. Proprietary methodology is used to make those calculations.
The first indexes in the series are the Dow Jones RBP Large-Cap 130/30 Indexes, which will use probability metrics to create 130/30 investment strategy indexes based on U.S. large-cap stocks. The indexes are rebalanced quarterly.
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