SANTIAGO, CHILE, JANUARY 25, 2022: S&P Dow Jones Indices ("S&P DJI"), the world’s leading index provider, and the Santiago Exchange ("CLX"), announced today the launch of the S&P/CLX Ingenius Index. The new index measures the performance of the world’s best known high-growth companies in communications, e-commerce, technology, and more.
Technology-driven companies have delivered dramatic growth to investors in the last five years with the FAANG group of stocks growing 340 percent compared to the S&P 500’s 113 percent from the beginning of 2017 through the end of 2021. This growth story has helped lead to an increased relevance of US and foreign stocks in international markets including Latin America.
"The launch of the S&P/CLX Ingenius Index speaks directly to the increasing appetite for US and other foreign equities by Chilean investors," said Silvia Kitchener, Director of Equity Product Management in Latin America for S&P Dow Jones Indices. "This is a first-of-its-kind benchmark in Chile measuring the performance of companies creating many of the innovative products and services that permeate the modern world."
José Antonio Martínez, CEO of the Santiago Stock Exchange, said, "This new index, which joins those already existing in our market, will allow investors to broaden their range of alternatives in line with our goal of deepening the Chilean stock market and boosting its future development."
