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The Philadelphia Stock Exchange (PHLX) announced today that it launched four new sector indexes: PHLX Medical Device Index (MXZsm), PHLX Retail Index (XREsm), PHLX Chemicals Index (XCMsm), and PHLX Sports Index (SXPsm).
PHLX Medical Device Index (MXZ) is an equal-dollar weighted index composed of 17 companies engaged in the development and manufacturing of devise-based therapies and surgical devices.
PHLX Retail Index (XRE) is an equal-dollar weighted index composed of 30 components engaged in general and specialty merchandise consumer sales primarily in the US.
PHLX Chemicals Index (XCM) is an equal-dollar weighted index composed of 30 components engaged in the manufacturing and processing of specialty chemicals for agricultural, industrial and consumer use.
PHLX Sports Index (SXP) is an equal-dollar weighted index composed of 13 components engaged in consumer sports products, entertainment and fitness.
"Today’s expansion of the PHLX Sector Index family offers innovative benchmark indicies for the creation of trading and investment products," said Daniel R. Carrigan, PHLX’s vice president of new product development. "The PHLX Sports Index, for example, typifies our efforts to carve out new equity sectors in order to track existing and emerging companies,” he said.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades more than 7,000 stocks, 2,520 equity options, 17 sectors index options and currency options. For more information about the PHLX and its products, visit www.phlx.com.
