The S&P Select Industry Indices are designed to measure the performance of narrow Global Industry Classification Standard (GICS) sub-industries or groups of sub-industries. Membership is based on a company’s GICS classification, as well as liquidity and market cap requirements. The GICS sub-industry level offers the most granular level of industry definition within the GICS structure. Therefore, the S&P Select Industry Indices offer the purest representation of a particular industry.
Select Sector Indices are managed with the objective of matching the price and yield performance of their underlying sector indexes. These indices divide the S&P 500 into nine sector index funds, giving it the diversification of a mutual fund, the focus of a sector fund, and the tradability of a stock. Each Select Sector Index is calculated using a modified “market capitalization” methodology. This formula ensures that each of the component stocks within a Select Sector Index is represented in a proportion consistent with its percentage of the total market cap of that particular index.
For S&P Select Industry Indices, RIMES hosts approximately 1565 companies and 21 indices (e.g. S&P classifications).
For S&P Select Sector Indices, RIMES hosts approximately 525 companies and 13 Select Sector classifications.
Some of the data items available include:
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