S&P launches dynamic asset exchange indices

The index series seeks to capture the better performance of two uncorrelated underlying assets in the medium term that are held in a portfolio with a constantly changing mix.   The index family consists of the S&P Dynamic Asset Exchange (US Index) and the S&P Dynamic Asset Exchange (Europe Index). The indices use tradeable instruments to represent the underlying asset classes, facilitating index replication and creation of index-linked investment products. The indices are long-only and dynamically allocate between equity and bonds to replicate the payout profile of an exchange option.   *  ...