NEW YORK, Aug. 20, 2014 /PRNewswire/ -- Tiedemann Wealth Management, an independent wealth advisor, has selected S&P Dow Jones Indices (S&P DJI) to be the custom calculation agent for the TWM Deep Value Index, a custom hybrid index. Custom hybrid indices are client-owned, white label custom indices that use an S&P Dow Jones Indices index to screen for constituents and/or as an actual constituent of their index.
According to Tiedemann Wealth Management, the TWM Deep Value Index is comprised of 20 undervalued dividend paying stocks within the S&P 500® with solid balance sheets, earnings and strong free cash flow. The companies within the Index are weighted based on a rules-based assessment of their valuations so that stocks that are most attractively valued receive a higher weight .
"We are excited for this opportunity to be the calculation agent for Tiedemann Wealth Management's S&P 500 based custom-hybrid index," says Michael Mell, Director of Custom Indices at S&P Dow Jones Indices. "As the needs of the Registered Investment Advisor community evolve, we are committed to leveraging our custom capabilities to advance financial market innovation."
"Created to track the performance of deeply discounted stocks that are well-positioned to benefit from improving fundamentals, investor activism and merger and acquisition activity, the TWM Deep Value Index was developed to improve access to an innovative strategy and accommodate the needs of our growing client base," says Paul Buongiorno, Managing Director and Chief Investment Strategist at Tiedemann Wealth Management. "We're pleased to be working with S&P Dow Jones Indices, a global industry leader, to develop this unique, rules-based benchmark."S&P Dow Jones Indices is an acknowledged global leader in the calculation of custom indices, providing unparalleled services in the design, construction, management and distribution of custom indices. Drawing on our knowledge and a global database of over 22,000 individual stocks, S&P Dow Jones Indices custom indices provides an independent and flexible service enabling clients to purposefully design a custom index to meet their specific requirements across equity, commodity, and fixed income asset classes.