Rule Change for W.E. Donoghue Power Momentum Index

NEW YORK, Sept. 21, 2018 /PRNewswire-PRWeb/ -- S-Network Global Indexes today announced effective September 24, 2018, the methodology for the W.E. Donoghue Power Momentum Index (Ticker: PWRMOX) will be updated with respect to its constituents and to one of the technical signals used to trigger reallocation between equities and short-term fixed income instruments.

Following changes being made by S&P and MSCI to the GICS Telecommunication Services Sector, the S-Network US Large-Cap Sharpe Ratio Index (Ticker: SHRPX) and PWRMOX will include stocks from the renamed and restructured Communication Services GICS Sector. PWRMOX will utilize information from the Communication Services Sector as part of its rules-based technical indicators. Historical index values and sector allocations will not be affected by this change.

More information about the index can be found at donoghue.snetglobalindexes.com.

About S-Network Global Indexes, Inc.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 300 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. http://snetglobalindexes.com/

About W.E. Donoghue & Co., LLC
W.E. Donoghue & Co., LLC ("W.E. Donoghue") is a tactical investment firm that has specialized in active risk-managed portfolios since 1986. In December 2017, W.E. Donoghue acquired JAForlines Global ("JFG"), an investment management company that specialized in risk-managed global tactical strategies. The combined firm has approximately $3.3 billion in assets under management and under advisement in mutual fund and separately managed account assets as of December 31, 2017.

W.E. Donoghue offers its strategies through its rules-based Power product series and their JAForlines Global Tactical Allocation Portfolios. The W.E. Donoghue Power line of strategies utilizes technical indicators to recognize shifts in market momentum and leverages proprietary tactical signals within custom indices, calculated by S&P Dow Jones Indices, to help preserve capital in down trending markets and seeks to offer a stronger client-centric risk-adjusted return stream over a full market cycle. The JAForlines Global Tactical Allocation strategies employ fundamental research with a top-down macro global orientation and are designed to lower volatility while striving to produce long-term capital appreciation.

For more information about W.E. Donoghue, please visit the company's websites at http://www.donoghue.com and http://www.jaforlines.com.

S&P Dow Jones Indices is a global leader in providing investable and benchmark indices to the financial markets. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").

SOURCE S-Network Global Indexes, Inc.