S&P Indices is rolling out two new indexes. The new indexes have been designed to offer market participants with unique measuring tools for specific stock characteristics within the S&P 500.
The S&P 500 Low Volatility Index will measure the performance of the 100 least volatile stocks in the S&P 500, while the S&P 500 High Beta Index will measure the performance of the 100 constituents of the S&P 500 that are the most sensitive to changes in market returns. The indices will serve as the basis for future PowerShares ETFs.
Click here for the release from S&P.