Fortune 500 Index for Investors Could Be Beneficial
The U.K.-based global banking giant Barclays has announced an exclusive agreement with Time Inc. to develop a new family of stock indices based on the Fortune 500. The new Barclays indices will track the performance of the public Fortune 500 companies with an equal-weighted index and other weighting methodologies, which will provide alternatives to market-capitalization-weighted indices.
Using the Fortune 500 as a base, the new index may give investors the opportunity to see how the list measures up as a way to ‘play’ the market. Together, the companies on the 2017 Fortune 500 list have a combined $12 trillion in revenues – equal to roughly two-thirds of U.S. GDP.
The bank is set to launch the Barclays Fortune 500 Equal Weighted Index in July 2017.
About The Fortune 500 Index
The Fortune 500 is an annual list of the largest companies in the U.S. ranked by revenue and compiled by Fortune magazine. The list includes some of the highest revenue-generating companies in the U.S., both private and publicly-traded. Top-ranking companies include Walmart, Berkshire Hathaway, Apple, Exxon Mobil, CVS Health, and General Motors.
In sum, the companies on the list earned $890 billion in profits last year and have a total of $19 trillion in market value. This year’s Fortune 500 list marks the 63rd edition.
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