S&P licenses index to underlie PowerShares ETF

The index provider has also unveiled the S&P 500 Low Quality Rankings index as part of its new range. Both the indices allow investors to benchmark company quality, measured by historical growth and stability of earnings and dividends. S&P applies its Quality Rankings methodology to determine the stocks selected to constitute the indices. This method measures the long-term growth and stability of a company's earnings and dividends, spanning the most recent 10 years. While the High Quality index provides exposure to the highset quality stocks in the S&P 500, ranked A- and above, the...