ELEMENTS Exchange Traded Notes SPECTRUM Large Cap US Sector Mo Stock Quote & Summary Data
(ETF)
*Delayed - data as of May 22, 2013 10:57 ET
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Description:The return on the Securities is linked to the performance of the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas, also referred to as the S&P Custom/BNP Paribas %u2013 SPECTRUM US Sector Momentum Index (the "Index"). The Index tracks the value of a notional portfolio composed of the ten sub-indices of the S&P 500 Index. The level of the Index is based on the relative weights of the sub-indices within the Index; such weights are monitored and may be rebalanced daily based on a momentum strategy. According to this momentum strategy, the weights of sub-indices that outperform the S&P 500 Total Return Index (the "SPTR") are increased in the Index, while the weights of sub-indices that underperform are reduced. The weights are then modified to account for the correlation between each sub-index and the SPTR. The Index is designed to take advantage of the disparate performance of the sub-indices relative to each other and to the SPTR. The Index is a proprietary index of BNP Paribas and is calculated and published by Standard & Poor%u2019s ("S&P") and published on Bloomberg under the symbol SPBNPSP.
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