Portfolio Rethink has introduced seven new indexes that it says are alternatives to the 19th-century Standard & Poor’s 500 and Dow Jones Industrial Average. Today, the company says, companies are global and investors are much more sophisticated.
Two of the indexes are broad market indexes, one focused on U.S. stocks, the other on U.K. stocks. Both track stocks with the most volume. The other five indexes are designed to track a particular, unique segment of the stock market. These indexes are the High Dividend Index, No Dividend Index, Stable Index, $10 Index and U.S. Local Index