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Standard & Poor’s, the world’s leading index provider, published today a list of 300 mid-size companies that are expected to emerge as challengers to the world’s leading blue chip companies. Designated the S&P Global Challengers, the list is comprised of those publicly traded companies that show the highest growth characteristics along dimensions encompassing intrinsic and extrinsic growth. Standard & Poor’s will publish the list on an annual basis, and will track its performance through annual publications.
The S&P Global Challengers List is based upon a robust methodology that applies consistent standards to multiple countries. The attributes used to identify the companies are share price appreciation, sales growth, earnings growth and employee growth. The 2006 class of S&P Global Challengers has representation from 32 countries and 10 sectors.
The S&P Global Challengers List is Standard & Poor’s response to needs of consultants and marketers analyzing global growth trends or seeking client engagement opportunities, strategy formulators assessing future partners or competitors, and product providers structuring investment vehicles that offer exposure to fast growing mid size companies.
“The quintessential quest for growth by corporate executives, consultants, marketers and investors needs a robust, globally consistent leader board,” says Srikant Dash, Index Strategist at Standard & Poor’s. “The S&P Global Challengers fulfills this need.” S&P Global Challengers 40 Index
Standard & Poor’s also announced today the launch of the S&P Global Challengers 40 index, a highly liquid and investable subset of the broader S&P Global Challengers List. The index, which is an equal-weighted portfolio of the 40 fastest growing stocks with representation from around the world, will serve as an important, liquid and geographically diverse benchmark for global investors.
A paper outlining the structure, methodology, and constituents of the S&P Global Challengers List can be found by accessing www.standardandpoors.com/indices .
