NEW YORK, Sept. 8, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, and Pring Research today announced plans to develop and co-brand a U.S. business cycle gauge designed to closely track Pring Research's proprietary investment strategy.
Pring Research's Principal and President, Martin J. Pring, is an award-winning leader in the global investment community who has developed a rules-based methodology that identifies the current stage of the economic business cycle. His "Pring Barometers' Signals" then determine the asset classes and equity sectors that historically outperform during those particular stages.
"In joining with Martin Pring, we plan to produce an innovative index meant to accurately and effectively measure this unique methodology," said Michael A. Petronella, President, Dow Jones Indexes. "Further, the new index's transparent and investable multi-asset portfolio will be well-suited to serve as the basis for ETFs, mutual funds, separately managed accounts and a wide variety of investment products."
Mr. Pring founded Sarasota, Fla.-based Pring Research in 1981 and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the Intermarket Review, a monthly market report offering long-term synopses of the world's major financial markets. Mr. Pring is also chairman of Pring Turner Capital Group – a Walnut Creek, Calif.-based money management firm dedicated to allocating assets according to Mr. Pring's proprietary U.S. business-cycle research.
"The new index will offer investors and money managers a vehicle that takes advantage of the fact that business cycles move through a set series of phases," Mr. Pring said. "Once the index methodology identifies these phases, stocks, bonds, and commodities will be appropriately allocated to leverage the investment environments that develop as the business cycle progresses. For Pring Research, this collaboration with Dow Jones Indexes will be a commercial validation of the highest order for our business cycle research."
Over the course of his career, Mr. Pring has been quoted in The Wall Street Journal, Financial Times, Barron's, L.A. Times, MarketWatch and the National Review. He has also written more than 20 books, including Technical Analysis Explained, which has been translated into 10 languages and is required reading for the Chartered Market Technician's exam. Mr. Pring has received the Canadian Technical Society's Jack Frost Memorial Award, the Market Technicians Association's coveted Annual Award in 2004, and been made an honorary member of the Swiss Technical Society.
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About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV); (www.newscorp.com). "Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC and has been licensed for use by CME Group Index Services LLC.
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