Global Financial Data Adds Almost 300 New Equity and Commodity Indices
Bryan Taylor, Chief Economist, Global Financial Data
Global Financial Data has added almost 300 new stock and commodity indices for users of the Global Financial Database. The new indices expand GFD’s coverage of equities into new areas.
GFD has added a number of indices that are calculated by Research Affiliates. These indices use a weighting that differs from traditional indices. Most equity indices are either equally weighted (as with the Dow Jones Industrial Average) in which the index assumes one share of each component is owned, or is capitalization-weighted, in which the larger the capitalization of the company, the larger the weight in the index (as with the S&P 500).
For the Research Affiliate Indices, index constituents are weighted using a composite of fundamental factors, including total cash dividends, free cash flow, total sales and book equity value. Prices and market values are not determinants of the index weights. Consequently, the indices are less prone to excessive concentration arising from market fads, which can result in over-exposure to individual companies, sectors or countries.
GFD is also offering a number of shariah-based indices. Companies involved in any of the following activities will be filtered out as non-Shariah compliant: Conventional finance (non-Islamic banking, finance and insurance, etc); Alcohol; Pork related products and non-halal food production, packaging and processing or any other activity related to pork and non-halal food; Entertainment (casinos, gambling and pornography); Tobacco, weapons, arms and defense manufacturing.
GFD has also added new indices for Europe, both the FTSEurofirst Supersector Indices and the Russell Europe Small-Midcap Indices as well as Supersector indices based upon the FTSE-350 indices from the United Kingdom. GFD has added the Sindex which includes only sinful stocks as well as the FTSE4good Environmental Leaders Europe 40. To obtain a full list of the series that have been added to the GFDatabase, call today to speak to one of our experts at 877-DATA-999 or 949-542-4200.