Welcome!

News Feed Item

S&P Dow Jones Indices Launches New Family of South Africa Indices; Significantly Expands Presence in South Africa

Index Provider Licenses Grindrod Bank for Potential ETF Development

JOHANNESBURG, Feb. 11, 2014 /PRNewswire/ -- S&P Dow Jones Indices announced today the launch of nine (9) new indices covering the South African equity market, headlined by the launch of the S&P South Africa Composite – an index which measures the performance of companies actively traded and listed on the Johannesburg Stock Exchange (JSE).

The S&P South Africa Composite, which covers both foreign domiciled and domestic domiciled companies listed on the JSE with float-adjusted market values of US$ 100 million or more and annual dollar value traded of at least US$ 50 million, serves as the basis for the following eight (8) S&P branded indices covering South Africa and launched today:

  • S&P South Africa Dividend Aristocrats
  • S&P South Africa Low Volatility Index
  • S&P South Africa Composite Capped
  • S&P South Africa 50
  • S&P South Africa 50 Equal Weight
  • S&P South Africa Completion
  • S&P South Africa Composite Shariah
  • S&P South Africa Composite Shariah Capped

S&P Dow Jones Indices has licensed the S&P South Africa Dividend Aristocrats and the S&P South Africa Low Volatility Index to Grindrod Bank, a registered Financial Services and Credit Provider in South Africa, for potential ETF development. 

"S&P Dow Jones Indices is very excited to launch the S&P South Africa Composite and this new series of indices, bringing greater index based measurement and transparency to the South African market and its investors," says Vinit Srivastava, Senior Director at S&P Dow Jones Indices. "In addition, the launch of the S&P South Africa Dividend Aristocrats and the S&P South Africa Low Volatility Index represent the first time that investors here will be able to measure the performance of long-time dividend payers and low volatility issues."

"Grindrod Bank intends to add two new 'Smart Beta' ETFs to its Gtrax suite of ETFs, both of which will be aligned to both the low volatility and dividend aristocrat themes," says Gareth Stobie, head of Capital Markets at Grindrod Bank. "These themes have proven to be enormously popular with investors abroad. We are excited to provide South African investors with access to these strategies on the local exchange through Grindrod Bank."

Brief descriptions of the S&P South Africa Composite, S&P South Africa Dividend Aristocrats, and S&P South Africa Low Volatility Index can be found at the conclusion of this release. Additional information on all indices launched today by S&P Dow Jones Indices can be found by accessing: www.spdji.com.

The S&P South Africa Dividend Aristocrats is designed to measure the performance of constituents within the S&P South Africa Domestic index that have followed a policy of increasing or maintaining stable dividends for five consecutive years. Part of the S&P Dividend Aristocrats series of indices, the S&P South Africa Dividend Aristocrats maintains a focus on dividend growth over pure dividend yield.

The S&P South Africa Low Volatility Index is an extension of S&P Dow Jones Indices' closely followed low volatility family. The S&P South Africa Low Volatility Index measures the performance of the 40 least volatile stocks from the newly created S&P South Africa Composite. The hallmark of the S&P Low Volatility Index family is the simplicity in design, as its methodology employs a volatility-driven weighting scheme that weights constituents relative to the inverse of their realized volatility, with the least volatile stocks receiving the highest weights.

The S&P South Africa Composite covers equities listed on the Johannesburg Stock Exchange with float-adjusted market values of US$ 100 million or more and annual dollar value traded of at least US$ 50 million and is the basis for numerous sub-indices which are broken down by different factors including size, Global Industry Classification Standard (GICS®), and Shariah compliance.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageTM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...