• S-Network Global Indexes
  • Posted September 1, 2017

A Rising Tide Lifts These Boats in Particular

The global economy is booming. In fact, the OECD is forecasting that all 45 countries it tracks will have positive economic growth this year and next, for the first time since 2007.

Projections for India, China and Indonesia lead the pack by a wide margin, while the U.S. (at 2.1%) is expected to lag behind the global average of 3.5%.

If such widespread and steady growth comes to fruition, we can expect that US companies with global presence will reap benefits.

This is exactly what we are seeing so far this year in the performance of the S-Network US Foreign Revenue Index (SNUSFR), which consists of the 100 equities in the S-Network US Large-Cap 500 (SN500) that have the highest percentages of revenue derived from foreign sources. It is up 16.5% YTD on a total return basis, compared with 11.9% for the S&P 500.

The complement of SNUSFR, the S-Network US Domestic Revenue Index (SNUSDR), which comprises equities with the highest percentage of domestic revenues, is up a mere 2.4%...

 

 

 

Aiding this trend is the performance of the U.S. Dollar, which has declined against a trade weighted basket of foreign currencies by 7.1% since the beginning of the year. This is also generally associated with outperformance by SNUSFR, since U.S.-based companies that collect revenues in foreign currencies can get more dollars in exchange (but suffer from the opposite effect when the dollar is strong).

 

 

Sources:

  • https://www.businesslive.co.za/bd/economy/2017-08-24-global-economies-grow-in-sync/
  • http://www.marketwatch.com/story/us-set-for-steady-growth-but-uk-to-slow-oecd-2017-08-08
  • http://www.oecd.org/eco/outlook/Better-but-not-good-enough-press-handout-summary-of-projections-oecd-economic-outlook-june-2017.pdf
  • https://fred.stlouisfed.org/series/DTWEXB

Latest News

Dec 13, 2017

S-Network appointed as calculation agent for two indexes at Milliman Financial Risk Management

Dec 7, 2017

10 Additions and Seven Deletions in S-Network Disruptive Technology Index Quarterly Reconstitution

Dec 7, 2017

One Addition in S-Network Mid-Cap Dividend Index Annual Reconstitution

Oct 11, 2017

S-Network Launches Real Oil Index

Sep 27, 2017

S-Network Launches US Micro-Cap Benchmark Index

Sep 8, 2017

Not All Backtests Are Created Equal

Sep 7, 2017

One Addition in S-Network Developed International Dividend Index Quarterly Rebalancing

Sep 1, 2017

A Rising Tide Lifts These Boats in Particular

Aug 3, 2017

A Different Take on Socially Responsible Investing (SRI)

Jun 8, 2017

One Addition in S-Network Mid-Cap Sector Dividend Dogs Index Quarterly Rebalancing

Jun 8, 2017

Two Additions and Two Deletions in S-Network Global Automotive Index Semi-Annual Reconstitution

Jun 8, 2017

51 Additions and 50 Deletions in S-Network Developed International Dividend Index Annual Reconstitution

Jun 8, 2017

25 Additions and 25 Deletions in S-Network ADR Dividend Index Annual Reconstitution

Jun 8, 2017

21 Additions and 21 Deletions in S-Network Mid-Cap Dividend Index Annual Reconstitution

Mar 8, 2017

Three Additions and Three Deletions in S-Network ADR Dividend Index Quarterly Rebalancing

Dec 8, 2016

43 Additions and 43 Deletions in S-Network Large-Cap Sharpe Ratio Index Quarterly Reconstitution

Dec 7, 2016

Rules Amended for Power Dividend Index Family

Oct 12, 2016

S-Network Announces Suite of Benchmark Indexes

Oct 5, 2016

Skytop Strategies Presents The Future of Corporate Reporting: Driving Brand Value and Attracting Investors

Sep 16, 2016

Three Additions/Two Deletions in S-Network ADR Dividend Index Quarterly Rebalancing

Sep 15, 2016

Stephen H. Bitteker Joins S-Network as Director of Sales

Sep 13, 2016

Two Additions/One Deletion in S-Network International Dividend Index Quarterly Rebalancing

Sep 7, 2016

One Addition in S-Network International Dividend Index Quarterly Rebalancing

Sep 7, 2016

Three Additions/Two Deletions in S-Network Weak Dollar Equity Index Quarterly Rebalancing

Sep 7, 2016

One Addition in S-Network Strong Dollar Equity Index Quarterly Rebalancing

Sep 7, 2016

Forty-two Additions/Forty-one Deletions in S-Network Large Cap Sharpe Ratio Index Quarterly Reconstitution

Sep 7, 2016

One Addition in S-Network CDP Carbon Footprint Index Quarterly Rebalancing

Jun 8, 2016

Seven Additions/Seven Deletions in S-Network CDP Carbon Footprint Index Annual Reconstitution

Jun 8, 2016

Forty-four Additions/Forty-two Deletions in S-Network Large Cap Sharpe Ratio Index Quarterly Reconstitution

Jun 8, 2016

Eighty-One Additions/Eighty-One Deletions in S-Network Durable Dividends Developed International Index Annual Reconstitution

Jun 8, 2016

Sixty-One Additions/Sixty-One Deletions in S-Network US Large-Cap Durable Dividends Index Annual Reconstitution

Jun 8, 2016

Forty-Six Additions/Forty-Six Deletions in S-Network International Dividend Index Annual Reconstitution

Jun 8, 2016

Twenty-Four Additions/Twenty-Three Deletions in S-Network Mid-Cap Dividend Index Annual Reconstitution

Jun 8, 2016

Twenty-six Additions/Twenty-sixDeletions in S-Network ADR Dividend Index Quarterly Reconstitution

Jun 8, 2016

Thirty-Five Additions/Thirty-Four Deletions in S-Network US Mid-Cap Durable Dividends Index Annual Reconstitution

Mar 15, 2016

Rule Change for S-Network ADR Dividend Index

Mar 9, 2016

One Addition in S-Network Weak Dollar Index Quarterly Rebalancing

Mar 9, 2016

Forty Additions/Thirty-nine Deletions in S-Network Large Cap Sharpe Ratio Index Quarterly Reconstitution

Mar 9, 2016

One Addition in S-Network Durable Dividends Developed International Index Quarterly Rebalancing

Mar 9, 2016

Two Additions in S-Network International Dividend Index Quarterly Rebalancing

Mar 9, 2016

One Addition in S-Network Mid-Cap Dividend Index Quarterly Rebalancing

Feb 23, 2016

Clarification of Maintenance Methodology for All S-Network Equal Dollar Weighted Indexes

Feb 9, 2016

Calvert Investments Launches Water Research Index

Dec 16, 2015

Five Additions/Six Deletions in Stowe Global Coal Index Quarterly Rebalancing

Dec 11, 2015

Seven Additions/Seven Deletions in Thomson Reuters CRB Commodity Producers Index Quarterly Rebalancing

Dec 10, 2015

One Addition/One Deletion for Ardour Global Alternative Energy Index Extra Liquid in Quarterly Rebalancing

Dec 10, 2015

One Addition/One Deletion in S-Network ITG Agriculture Index Quarterly Rebalancing

Dec 7, 2015

S-Network Mid-Cap Dividend Index Constituent Change

Sep 10, 2015

One Addition/One Deletion in S-Network ITG Agriculture Index Quarterly Reconstitution

Sep 10, 2015

S-Network Emerging Sector Dividend Dogs Index Constituent Change

Sep 10, 2015

Correction to S-Network Emerging Sector Dividend Dogs Index Constituent Change Press Release

Sep 10, 2015

Four Additions/Seven Deletions in Rogers-Van Eck Natural Resources Index Quarterly Reconstitution

Sep 10, 2015

Ten Additions/Nine Deletions in S-Network Sector Low Volatility Index Quarterly Reconstitution

Sep 10, 2015

One Addition in Ardour Global Alternative Energy Index Extra Liquid Quarterly Reconstitution

Sep 10, 2015

Ten Additions/Ten Deletions in S-Network Sector Leaders Index Quarterly Reconstitution

Sep 10, 2015

Thirteen Additions/Four Deletions in S-Network Tech Targets Index Quarterly Reconstitution

Jul 1, 2015

S-Network Launches Sector Leaders Index

Jul 1, 2015

S-Network Launches Sector Low Volatility Index

Jun 30, 2015

S-Network Launches Suite of Responsible Indexes for Calvert Investments