Ocean Tomo LLC, the Chicago-based provider of diversified intellectual property-related services, today announced it has launched the Ocean Tomo 300 Patent Growth Index ("Index"). The Index is priced and published by the American Stock Exchange (Amex) under the symbol OTPATG.
The Index includes the top growth companies of the broad-market Ocean Tomo 300 Patent Index (AMEX: OTPAT), as determined by the price-to-book ratio, and is diversified across market capitalization. It is the industry's first growth index based on the value of intellectual property and represents a portfolio of 60 companies with the highest innovation ratio (i.e., patent value relative to book value). The Index has a 10-year tested history and will be a valuable resource for fund analysts, financial advisors and investors. Historical returns have been calculated on a hypothetical basis since October 1, 1995.
"The Ocean Tomo 300 Patent Growth Index has outperformed the Russell 1000 Growth Index by 240 basis points over a 10-year tested period with less volatility. The creation of the Ocean Tomo 300 Patent Growth Index represents the next logical step in the market's recognition of the role innovation plays in our economy," said James E. Malackowski, President and CEO, Ocean Tomo.
"Today, less than 80% of a company's market value is composed of tangible assets. As the United States continues to shed its industrial past and emerge as a knowledge-based economy, the examination of intellectual capital as an asset class represented in the Index becomes even more relevant to the market" adds Mr. Malackowski.
Data: Ned Davis Research, Inc.
"Building on the success and importance of the Ocean Tomo 300 Patent Index, the Growth Index represents a unique opportunity for investors to gain exposure to those growth companies whose competitive advantage is created through the most valuable technology and innovation, as embodied in their patents," adds Keith Cardoza, Managing Director, Ocean Tomo, and creator of the Ocean Tomo 300 Patent Index.
Scott Ebner, Senior Vice President, Amex ETF Marketplace, said, "The American Stock Exchange is pleased to build on its partnership with Ocean Tomo and help introduce the Ocean Tomo 300 Patent Growth Index, providing investors with a benchmark that focuses on the growth segment of the Ocean Tomo 300 Patent Index."
Companies contributing to the performance of the Index include: Accenture (NYSE: ACN), Autodesk (NASDAQ: ADSK), Gilead (NASDAQ: GILD), and Energy Conversion Devices (NASDAQ: ENER).
Daily tracking of the Ocean Tomo 300™ Patent Growth Index is available at numerous media outlets including: Bloomberg, Reuters, CNET and Yahoo! Finance.
More details on the composition of the Index are available at www.oceantomo.com and www.amex.com. The Index is patent pending and was created by and is a trademark of, Ocean Tomo Capital, LLC.
