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SGI World Travel and Leisure Index

Index level: 276.386 as of 25/09/2021

Main characteristics

Bloomberg Code SGIXTLU
Inception Date 28/12/2020
Return Type Total Return
Currency USD
Calculated By S&P Dow Jones

Objective

The Index aims to select stocks from travel and leisure sectors (Booking, Entertainment and live events, Airlines and airport services, Cruises and casinos, Hotels and resorts) which have suffered during the pandemic crisis and have not yet returned to their pre-crisis levels.

Mechanism

The strategy selects 60 stocks from a global universe (Europe, US, Asia) under constraints: sectors diversification, region diversification while maintaining a good overall liquidity. The index is rebalanced quarterly. 
To avoid stocks close to default, the strategy filters the stocks with a weak balance sheet using the Merton-Distance to default criteria.  

 


The SGI World Travel and Leisure Index (the “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by SG.  Neither S&P Dow Jones Indices, SPFS, Dow Jones, nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.

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