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New York Stock Exchange Launches NYSE U.S. Pure Exposure Index Family
March 2, 2016 10:44 AM ESTNEW YORK--(BUSINESS WIRE)-- The New York Stock Exchange, a subsidiary of Intercontinental Exchange (NYSE: ICE), today announced the launch of the NYSE U.S. Pure Exposure Index Family, a new series of nine sector indices that aims to isolate pure sector returns by hedging market risk.
The NYSE U.S. Pure Exposure index strategies are based on Verus Analytics quantitative testing and validation engine for index composition and on AlphaBetaWorks proprietary statistical equity risk model, which estimates market beta for each index member individually and then aggregates these into the index market... More
