SANTA MONICA, Calif., Nov. 29, 2016 /PRNewswire/ -- Wilshire Associates (Wilshire®) and EVA Capital Management, LP (EVA Capital) today announced the launch of a new index family that seeks to combine the power of the Wilshire 5000 Total Market Index¿ (Wilshire 5000®), widely accepted as the definitive benchmark for the broad U.S. stock market, with Economic Value Added (EVA) methodology, a time-tested and well-respected process designed to identify a company's true economic profitability. The resulting two indexes, the EVA Wilshire 5000 Index¿ ( EVAW5000) and the EVA Wilshire US Large-Cap Index¿ ( EVAWLC), measure the performance of strategies based on EVA weighting the Wilshire 5000 and Wilshire US Large-Cap indexes. EVA weightings are calculated by EVA Capital, using data from evaDimensions, a global leader in the application of EVA-based solutions. EVA Capital has an exclusive license to construct indexes based on data from evaDimensions and has aligned with Wilshire to create the new indexes based on the EVA of the constituents of both Wilshire index counterparts. "Wilshire Analytics is proud to align with EVA innovator, EVA Capital, to bring these indexes to market. Wilshire's well-respected broad market index heritage combined with EVA Capital's access to a robust methodology that helps identify positive economic value for investors is in the true spirit of Wilshire's deep commitment to deliver actionable insight to the investor," commented Robert J. Waid, Managing Director at Wilshire Associates. "We are proud to align with best in breed index provider, Wilshire, to create these unique indexes that measure the performance of a strategy that aims to invest in companies that create value and avoid companies that do not," added Nick Lobaccaro, founder of EVA Capital. For more information about the EVA Wilshire 5000 and EVA Wilshire US Large-Cap indexes, please visit http://wilshire.com/indexinfo/EVA-Wilshire-5000-Family.html. About Wilshire AssociatesWilshire Associates, a leading global financial services firm, provides consulting services, analytics solutions and customized investment solutions to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets. The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire's strong analytics foundation.