The Wealth Advisor

S&P Dow Jones Indices (S&P DJI), the world's leading index provider, has launched the S&P 500 Economic Moat Index, a factor-based benchmark that systematically identifies and measures companies that have long-term, sustainable competitive advantages versus their competitors. Syntax Data made it happen.

(Smartleaf) Direct indexes are great. We estimate that they outperform comparable ETFs on an aftertax expected basis. But the industry-standard way of implementing direct indexes – with standalone Separately Managed Accounts (SMAs) – is bad.