Two new indices were launched by S&P Dow Jones Indices, reports ETF Strategy.

The S&P MidCap 400 Low Volatility Index and the S&P SmallCap 600 Low Volatility Index were licensed to Invesco PowerShares [profile].

Invesco PowerShares is also the licensee for the closely followed S&P 500 Low Volatility index, notes ETF Strategy.

Vinit Srivastava, director of strategy indices at S&P Dow Jones Indices, said, “The simple construction of the indices has resonated with investors.The S&P MidCap 400 Low Volatility Index and the S&P SmallCap 600 Low Volatility Index provide investors with exposure to small and mid-cap benchmarks that exhibit similar low volatility anomaly as large cap benchmarks.”  

Edited by: HFD


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