S&P Launches Consumer Leveraged Finance Index

NEW YORK, July 12 /PRNewswire/ -- Standard & Poor's, the world's leading index provider, announced today the launch of the S&P Consumer Leveraged Finance Index. The Index is designed to provide liquid exposure to U.S. companies engaging in consumer lending and consumer finance related activities.

The S&P Consumer Leveraged Finance Index seeks to provide liquid exposure to 50 of the largest companies trading on U.S. stock exchanges whose primary business is related to consumer lending and consumer finance related activities. Companies in the Index include mortgage REITS, thrifts and mortgage finance companies, diversified and regional banks, consumer finance or data processing services companies.  

"The S&P Consumer Leveraged Finance Index is designed to serve as both a relative benchmark for this important segment of the U.S. market, as well as the underlying for index linked investment instruments," says Aniket Ullal, Senior Director at S&P Indices.  

In order to be eligible for inclusion in the S&P Consumer Leveraged Finance Index, a company must be a member of either the S&P Total Market Index (TMI) or S&P ADR Index, or be a U.S. company classified by the Global Industry Classification Standard (GICS®) classification as Mortgage REIT.

The Index follows a modified market capitalization weighted scheme that reduces single stock concentration and gives greater weight to companies more purely exposed to the consumer finance theme. To ensure investability, minimum market capitalization and liquidity requirements have also been set.  

For more information regarding the S&P Consumer Leveraged Finance Index methodology, including index calculations, additions, and deletions, please visit www.indices.standardandpoors.com.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com

SOURCE Standard & Poor's

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