Salomon Smith Barney has added a new layer to its range of global equity float-weighted benchmarks. The new SSB World Equity Style Indices consist of growth and value indices for the large cap Primary Market Index, the smaller cap Extended Market Index and the combined Broad Market Index segments of the 23 developed countries and 18 major regions of the SSB World Equity Indices.
“In contrast to the simple one-dimensional method of analysing book to price, the SSB World Equity Style Index methodology employs three variables to measure growth and four different variables to measure value,” the company says.