S&P Indices launches emerging market, developed low volatility indexes

By Tali David

Minneapolis, Dec. 14 - S&P Indices announced the launch of the S&P BMI International Developed Low Volatility Index and the S&P BMI Emerging Markets Low Volatility Index, according to a press release.

Both indexes have been licensed by Invesco PowerShares to serve as the basis for PowerShares ETFs in 2012.

S&P said the indexes are designed to measure the performance of the least volatile stocks within their respective benchmark index.

The international developed index measures the performance of the 200 least volatile stocks in the Developed Ex U.S. & South Korea LargeMidCap Index.

The emerging markets index measures the performance of the 200 least volatile stocks in the Emerging Plus LargeMidCap Index, according to the release.

"Given the high level of volatility within emerging and developed equity markets, investors looking for exposure outside of the U.S. are increasingly concentrating their efforts on lower risk strategies," S&P vice president Alka Banerjee said in the release.

S&P Indices is part of New York-based McGraw-Hill Cos.

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