S&P index rollout gives European investors access to US sectors

Index provider Standard & Poor’s (S&P) has launched nine sector indexes that allow investors in Europe access to US trades.

The S&P Select Sector Capped 20% Index Family, a variation on S&P’s existing sector indexes, has been created in partnership with Source, the London-based provider of exchange-traded funds (ETFs). Source has launched nine ETFs based on the indexes, which it listed on the London Stock Exchange on January 5.

The indexes, which cap the weight on each sector, comply with the