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-S&P unit launches ETF style classification system.

M2 EQUITYBITES-September 24, 2013--S&P unit launches ETF style classification system(C)2013 M2 COMMUNICATIONS

24 September 2013 -- New York-based McGraw-Hill Financial (NYSE: MHFI) said that its S&P Capital IQ unit has introduced a new system called Exchanged Traded Funds Style Classifications.

According to the firm, this classification system classifies ETFs and ETNs with over 40 standardized descriptive characteristics to reveal the true exposure being provided by over 2,500 North American ETFs and ETNs.

The first level of classification in the S&P Capital IQ system defines the asset class such as equity, fixed income, commodity, currency, real estate, and multi-asset.

S&P said that the next three levels further refine an asset class into very specific market segments exposure being provided by the ETF.

For example, commodities would be refined to metals, precious metals, and gold. In addition, the system captures and provides multiple other dimensions and characteristics such as geographic emphasis, tax efficiency, expense ratio, long/short exposure, leverage ratio, sector emphasis, investing style, and target risk.

The ETF classifications will be integrated in S&P Capital IQ's Xpressfeed and will be available for use with all of the information in Xpressfeed, including S&P Capital IQ Premium Fundamentals, Compustat Fundamentals, S&P Credit Ratings, Earnings Estimates, and other classifications such as GICS, S&P Capital IQ Private company Industry Classifications, and regional classification schemas like ANZSIC.

S&P Capital IQ, a part The McGraw-Hill Companies, is a provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world.

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Publication:M2 EquityBites (EQB)
Date:Sep 24, 2013
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