A Defensive Growth Stock Index

 

The accompanying table (click to enlarge) presents the ETFI Highly Defensive PerformIdex, which is structured as a market cap weighted, defensive growth index of 30 companies based in either the United States or Canada with the largest market capitalizations from each industry group (A-J) as specified below:

(A) Grocery Stores (1)

(B) Consumer Staples (10): Non-Food (2), Food (4), Tobacco (1), Alcoholic Beverages (1), and Non-Alcoholic Beverages (2)
 

(C) Health Benefit Providers (3): Managed Healthcare (1), Supplemental Health (1), and Prescription Drug Retailers (1)
 

(D) Consumer Healthcare (3): Biotech (1), Brand/Patent Drugs (1), and Diagnostics (1)
 

(E) Utilities (2)
 

(F) Telecom Services (2)
 

(G) Commodities (2): Gold Mining (1) + Agricultural Products – Seeds & Fertilizers (1)
 

(H) At Home Entertainment (3): Cable Television Providers (1), Internet Portals & Online Advertising (1), and Television Programming/Movie Studios (1)
 

(I) Aerospace & Defense (2)
 

(J) Mass Merchants – Discount/Variety Retailers (2)

The Highly Defensive PerformIdex has an average beta of 0.60 and average market cap of $65B with a total return of -12.9% over the past year on a market cap weighted basis.

 

Top performers in the index posting double digit gains over the past year include Wal-Mart (WMT), General Mills (GIS), Anheuser-Busch (BUD), and Genentech (DNA) – with the latter two names receiving buyout bids from InBev (INBVF.PK) and Roche (RHHBY), respectively.

Comments

[granger:]

is there an ETF that tracks this

2008 Oct 22 01:14 PM

[Mike Havrilla:]

not yet

2008 Oct 22 01:31 PM