Press release from Business Wire
NYSE Century Index Outperforming Other Broad-Based Indices as CEOs Gather for Second Annual Century Club Gathering
<p class='bwalignc'> <i>Index outperformed S&P 500 and Nasdaq 100 in its first year</i> </p>
Wednesday, July 17, 2013
NYSE Century Index Outperforming Other Broad-Based Indices as CEOs Gather for Second Annual Century Club Gathering09:31 EDT Wednesday, July 17, 2013
NEW YORK (Business Wire) -- As leading CEOs from many long-established companies convene today for the second-annualNYSE Century Club summit at the New York Stock Exchange, the year-old namesakeindex, which measures the performance of 348 companies that have been in business for at least 100 years, has gained 14.7% year-to-date and has a one-year performance of 25%.
Launched in July 2012, the NYSE Century IndexSM outperformed other broad-based indices such as the S&P 500 and Nasdaq 100, with each returning 12.6% and 9.3% year-to-date and 17.6% and 10.8% over one year, respectively.
“The performance of the NYSE Century Index illustrates the leadership, stability and the overall sound business execution of our Century Club community during times of economic uncertainty,” said Duncan Niederauer, Chief Executive Officer, NYSE Euronext. “The NYSE Century Index serves as a strong and insightful baseline indicator of the economic health and progress of the American economy and overall market.”
The NYSE Century Club is comprised of NYSE and NYSE MKT-listed companies that have demonstrated longevity and contributed to economic and social progress for more than 100 years. The NYSE Century Club IndexSM measures the performance of U.S. domiciled companies that have a 100 year history, are publicly traded and have a market capitalization of at least $1 billion. Based upon a set of criteria that assesses a company's size and longevity, the index is rebalanced effective for the first business day of each year and provides exposure to a diverse group of companies from all major sectors.
To further commemorate the anniversary, today CEOs from several NYSE and NYSE MKT-listed companies will participate in two forums on Resilience and Innovation and Lessons of Legacies and ring the NYSE Closing Bell.
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