Bringing you live news and features since 2006 

S&P DJI adds S&P Quality Nordic Index to Factor-Based Indices Family


S&P Dow Jones Indices (S&P DJI) has added the S&P Quality Nordic Index to its rapidly expanding global lineup of factor-based indices. 

The new index, which is designed to provide a basis for exposure to high quality stocks in the Nordic market, offers a multi-factor approach to weighting and measuring some of the most followed stocks in the Nordics.

The S&P Quality Nordic Index is comprised of the top 30 stocks from the S&P Nordic LargeMidCap Index. Each stock is selected using a “high quality score” that is based on three fundamental measures: return on equity, accruals ratio and financial leverage ratio. Every stock in the S&P Quality Nordic Index is weighted by its quality score and multiplied by its float-adjusted market capitalisation.

Vinit Srivastava, Senior Director, Strategy Indices, S&P Dow Jones Indices, says: “We are excited to launch the S&P Quality Nordic Index and expand our factor-based indices in this region which includes the closely followed S&P Low Volatility Nordic Index. We are seeing a steady increase in demand for factor-based indices from our retail and institutional clients in the Nordics, and as a result, will continue to expand our suite of these indices in the region.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by