The accompanying table presents the ETFI Highly Defensive PerformIdex, which is structured as a market cap weighted, defensive growth index of 30 companies based in either the United States or Canada with the largest market capitalizations from each industry group (A-J) as specified below:
(A) Grocery Stores (1)
(B) Consumer Staples (10) – Non-Food (2), Food (4), Tobacco (1), Alcoholic Beverages (1), and Non-Alcoholic Beverages (2)
(C) Health Benefit Providers (3) – Managed Healthcare (1), Supplemental Health (1), and Prescription Drug Retailers (1)
(D) Consumer Healthcare (3) – Biotech (1), Brand/Patent Drugs (1), and Diagnostics (1)
(E) Utilities (2)
(F) Telecom Services (2)
(G) Commodities (2): Gold Mining (1) + Agricultural Products – Seeds & Fertilizers (1)
(H) At Home Entertainment (3) – Cable Television Providers (1), Internet Portals & Online Advertising (1), and Television Programming/Movie Studios (1)
(I) Aerospace & Defense (2)
(J) Mass Merchants – Discount/Variety Retailers (2)
The Highly Defensive PerformIdex has an average beta of 0.60 and average market cap of $65B with a total return of -12.9% over the past year on a market cap weighted basis. Top performers in the index posting double digit gains over the past year include Wal-Mart (WMT), General Mills (GIS), Anheuser-Busch (BUD), and Genentech (DNA) – with the latter two names receiving buyout bids from InBev (INBVF) and Roche (RHHBY), respectively.
(A) Grocery Stores (1)
(B) Consumer Staples (10) – Non-Food (2), Food (4), Tobacco (1), Alcoholic Beverages (1), and Non-Alcoholic Beverages (2)
(C) Health Benefit Providers (3) – Managed Healthcare (1), Supplemental Health (1), and Prescription Drug Retailers (1)
(D) Consumer Healthcare (3) – Biotech (1), Brand/Patent Drugs (1), and Diagnostics (1)
(E) Utilities (2)
(F) Telecom Services (2)
(G) Commodities (2): Gold Mining (1) + Agricultural Products – Seeds & Fertilizers (1)
(H) At Home Entertainment (3) – Cable Television Providers (1), Internet Portals & Online Advertising (1), and Television Programming/Movie Studios (1)
(I) Aerospace & Defense (2)
(J) Mass Merchants – Discount/Variety Retailers (2)
The Highly Defensive PerformIdex has an average beta of 0.60 and average market cap of $65B with a total return of -12.9% over the past year on a market cap weighted basis. Top performers in the index posting double digit gains over the past year include Wal-Mart (WMT), General Mills (GIS), Anheuser-Busch (BUD), and Genentech (DNA) – with the latter two names receiving buyout bids from InBev (INBVF) and Roche (RHHBY), respectively.
$63.71 (10/20/08)
