S&P launches quality ranking indexes and licenses to PowerShares

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PowerShares has licensed S&P's High Quality Rankings Index

Standard and Poor's (S&P) has launched two quality rankings indexes to enable investors to monitor company performance by historical growth, stability of earnings and dividends. The indexes are based on S&P's US benchmark S&P 500 index and are split into the S&P 500 High Quality Rankings Index and the S&P 500 Low Quality Rankings Index. The High Quality Rankings Index has been licensed to Invesco PowerShares for an exchange-traded fund (ETF) and this coincides with Invesco