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S&P 500 O-Strip Index

S&P 500 O-Strip Index: A division of the S&P 500 index, S&P 500 O-Strip Index stocks are listed on NASDAQ and represent around 75 NASDAQ traded stocks.

S&P 500 O-Strip Index was launched on March, 2004. The fathers of the fund are Standard and Poor, who created the fund in the intention of presenting it as an alternative to NASDAQ 100. Additionally, they declared the fund as "an effective way to measure the performance of the subset of the S&P 500". They claimed that the fund provides a more proficient way of gaining S&P 500 components.

The NASDAQ part of the S&P 500 can be underweight or overweight through the application of o-strip in accordance with the chosen strategy. But this can only be accomplished when the NYSE-only strip version of the S&P 500 is released.

State Street Global Advisors is the first company to include ETF based on this strategy in their portfolio of services. Their ETF implements the tickers OOO.

Alternative names - O-strip Index, O-strip, S&P O-strip

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