(Boston, December 7, 2015)To eliminate the potential for unnecessary turnover and transaction costs, the index will allocate to the portfolio of stocks defined on the announcement date for the underlying equity indexes as defined in VI(vi) of the relevant rule books rather than the existing portfolio of the underlying equity index in the event that a signal is generated following the announcement date and before the reconstitution date that requires a reallocation from short-term fixed income instruments into equities.
This rule change applies to the following indexes (developed collaboratively by W.E. Donoghue & Co, Inc. and S-Network Global Indexes, Inc.):
The W.E. Donoghue Power Dividend Index (PWRDXPX)
The W.E. Donoghue Mid-Cap Power Dividend Index (PWRMDX)
The W.E. Donoghue International Power Dividend Index (PWRIDX)
The W.E. Donoghue Power Dividend Developed International Index (PWRIIDX)
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with over USD 8 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...
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S-Network Global Indexes, Inc.
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