S&P launches quality ranking indexes and licenses to PowerShares

Standard and Poor's has extended its index range to include quality rankings indexes, one of which has been licensed to Invesco PowerShares, and has added sector indexes in its CDS Index family

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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 PowerShares' decision

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