NEW YORK, Dec. 4, 2012 /PRNewswire/ -- S&P Dow Jones Indices, the world's largest provider of financial market indices, announced today that the S&P 500® Low Volatility index has been named the William F. Sharpe Indexing Product of the Year at the IMN's annual Global Indexing and ETFs conference in Phoenix, Arizona for having the most significant impact on the indexing industry over the last 12 months. The Index is licensed to Invesco PowerShares, which won the ETF Product of the Year award for its ETF based upon the S&P 500 Low Volatility index.
The Indexing Product of the Year award caps an impressive day for S&P Dow Jones Indices as IMN recognized Dr. David Blitzer, Managing Director and Chairman of S&P Dow Jones Indices' Index Committees, with the distinguished William F. Sharpe Indexing Lifetime Achievement Award. This acclaimed award recognizes the most accomplished innovators and practitioners in the indexing industry. The S&P Dow Jones Indices press release, announcing Dr. Blitzer's recognition, can be found by clicking here.
"The widespread popularity of the S&P 500 Low Volatility index reflects the growing demand amongst investors for an easily comprehendible and transparent index for measuring the performance of large-cap, low volatility issues," says Alex Matturri, Chief Executive Officer of S&P Dow Jones Indices. "We are honored to receive this award as it recognizes our continuing commitment to producing clearly understood, replicable indices across a myriad of asset classes and strategies."
The S&P 500 Low Volatility index measures the performance of the 100 least volatile stocks in the S&P 500. The Index benchmarks low volatility or low variance strategies for the U.S. stock market. Constituents are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., 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 AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets 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.
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SOURCE S&P Dow Jones Indices