May 2, 2018 (New York, NY) — S-Network Global Indexes today announced effective May 3, 2018, the methodology for the W.E. Donoghue Power Dividend Index (Ticker: PWRDX) will be updated with respect to the investment used when the technical signals require a reallocation from equities into short-term fixed income instruments.
Going forward, in place of the 90-Day Treasury Bills (Ticker: USB3MTA), PWRDX will allocate to the S&P U.S. Treasury Bond 1–3 Year Index (Ticker: SPBDUS3T).
This rule change applies to the following index (developed collaboratively between W.E. Donoghue & Co, LLC. and S-Network Global Indexes, Inc.):
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 300 indexes, which serve as the underlying portfolios for financial products with over USD 8.5 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. http://snetglobalindexes.com/
About W.E. Donoghue & Co., LLC
W.E. Donoghue & Co., LLC (“W.E. Donoghue”) is a tactical investment firm that has specialized in active risk-managed portfolios since 1986. In December 2017, W.E. Donoghue acquired JAForlines Global (“JFG”), an investment management company that specialized in risk-managed global tactical strategies.The combined firm has approximately $3.3 billion in assets under management and under advisement in mutual fund and separately managed account assets as of December 31, 2017.
W.E. Donoghue offers its strategies through its rules-based Power product series and their JAForlines Global Tactical Allocation Portfolios. The W.E. Donoghue Power line of strategies utilizes technical indicators to recognize shifts in market momentum and leverages proprietary tactical signals within custom indices, calculated byS&P Dow Jones Indices, to help preserve capital in down trending markets and seeks to offer a stronger client-centricrisk-adjusted return stream over a full market cycle. The JAForlines Global Tactical Allocation strategies employ fundamental research with a top-down macro global orientation and are designed to lower volatility while striving to produce long-term capital appreciation.
S&P Dow Jones Indices is a global leader in providing investable and benchmark indices to the financial markets. S&P® is a registered trademark of Standard & Poor's Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
Sarah Grieco Marketing Coordinator
S-Network Global Indexes, Inc. 267 Fifth Avenue Suite 508 New York, NY 10016
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with over USD 8 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...
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S-Network Global Indexes, Inc.
267 Fifth Avenue, Suite 508
Phone: (646) 467-7928