Citigroup and Standard and Poor’s launch index

Investment bank Citigroup and credit rating agency Standard and Poor’s have created a new research-based equity index. The Citigroup S&P Global STARS Custom Index will provide exposure to stocks identified by S&P’s analysts as having high growth potential.

The index consists of 25 stocks from across Europe, the US and Asia, selected according to a methodology established by Citigroup and S&P to pick stocks with the highest performance potential on a relative and an absolute basis. The index is calculated and maintained by S&P.

On a historical basis, the Index had an average annualised return of 13.5% p.a. between June 1996 and April 2006, outperforming the S&P Global 1200 index by 4.28% p.a. on average.