S&P 900 Pure Growth

Definition

The term S&P 900 Pure Growth refers to an index that includes a subset of the securities found in the S&P 400 and S&P 500 Indices.  The S&P 900 Pure Growth is published and maintained by S&P Dow Jones Indices.

Explanation

The S&P 900 is a composite index that includes mid and large-cap stocks in the United States' market.  The S&P 900 Pure Growth is a subset of the securities appearing in the S&P 900, which includes the S&P 400 and S&P 500 indices.

The components of this index were selected based on their growth potential with respect to sales, earnings relative to price, and momentum.  These three criteria determine the security's growth score, which is used when selecting securities for inclusion in the Growth Index.  First launched on December 16, 2005, the index is made up of approximately 215 securities.  The composite is designed to provide investors with a measure of the performance of mid to large-sized U.S. growth equities.  The performance of the index can be tracked using the stock ticker SPUSNPG.

Related Terms

S&P 900 Composite Value, S&P 900 Composite Growth, S&P 1000 Pure Growth, S&P 900