The S&P Mid-Year Global PowerPicks indices reflect the performance of Standard & Poor’s equity research analysts’ PowerPicks recommendations.
S&P Mid-Year Global PowerPicks is comprised of the Global Picks chosen at the end of June by Standard & Poor’s equity research group. To provide investors with broad global representation among the index constituents, each portfolio includes 30 stocks – 10 from the United States, Europe and Asia.
S&P PowerPicks represent the collective “best ideas” of Standard & Poor’s equity research staff. Each contributing analyst considers the stocks from his/her coverage universe included in the PowerPicks portfolios to be those best positioned for superior growth. The PowerPicks portfolios are diversified across all ten S&P economic sectors, as defined by the Global Industry Classification Standard (GICS®).
Index constituents exhibit the following characteristics:
- Weighting – Equal weighted.
- Market Capitalization – Constituents must have a float adjusted market capitalization of at least US$ 2 billion, defined at the share class level, as of the reference date.
- Liquidity - Constituents must have a minimum average daily value traded of US$ 2 million for the preceding three months, as of the reference date.
- Domicile – Companies domiciled in a developed market and trading on a major developed stock exchange are eligible. Emerging market companies are eligible if they have an ADR or GDR listed on a major developed market exchange.
- Rebalancing – Annually after the market close on the third Friday of July.
Index Governance and Policy
This index is maintained by the S&P Index Committee, whose members include Standard & Poor’s economists and index analysts. It follows a set of published rules and policies that provide the transparent methodology used to maintain the index.
