Introducing GIVI: The S&P Global Intrinsic Value Index

Abstract:     
Launched in March 2012, the S&P GIVI (Global Intrinsic Value Index) is a rules-based, global equity strategy index designed to capture two well- documented, persistent anomalies in the equity markets – namely, the low- volatility and value anomalies. The S&P GIVI tries to deliver – in a single index – both lower volatility and an alternative stock weighting scheme, whereby each stock is weighted by its intrinsic value, rather than its market capitalization.

Number of Pages in PDF File: 38

Keywords: Low Volatility, Value Investing, Alternative Weighting, Index, Intrinsic Value

JEL Classification: G11

working papers series