S&P Dow Jones announces launch of Equal Weight Real Estate Index

By Wendy Van Sickle

Columbus, Ohio, June 23 – S&P Dow Jones Indices LLC launched on Tuesday its S&P 500 Equal Weight Real Estate Index, according to a press release.

The new index equally weights the constituents in the S&P 500 that are currently classified in the Global Industry Classification Standard Real Estate Industry Group, excluding the Mortgage REITs sub-industry, according to the release.

The index has been licensed to Guggenheim Investments to serve as the basis for an exchanged-traded fund.

As announced in November 2014, S&P Dow Jones is creating a real estate sector, elevating real estate’s current position as an industry group under S&P Dow Jones’ financials sector. The change is scheduled for after the market close of Aug. 31, 2016, according to the release.

S&P Dow Jones is part of New York-based McGraw-Hill Cos., a resource for index-based concepts, data and research

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