Rules-Based Index of Innovation Leaders
ENGLEWOOD CLIFFS, N.J., October 25, 2016 – CNBC, First in Business Worldwide, today announced the launch of the CNBC IQ100 Index in partnership with M-CAM International. The CNBC IQ100 is a first of its kind rules-based index of 100 large-cap companies that derive material revenue growth by leveraging their own portfolios of protected, proprietary technology.
The index is powered by M-CAM International, a global firm that maintains an unprecedented archive of documents related to patents, trademarks and other intangible assets from 160 countries.
The index components are selected from the Russell 1000 using a mix of algorithms that search public documents for relevant criteria. The CNBC IQ100 Index is weighted according to each company's ability to invest in, develop, control and deploy intellectual property to achieve strategic advantage over competitors placing value on companies that maintain this type of advantage across multiple industries. The index will be reweighted quarterly and reconfigured once per year. Unlike the Dow Jones Industrial Average and the S&P 500, stock price and market capitalization are not factors in determining index weighting.
For more information regarding the CNBC IQ100 Index, including the full list of companies and methodology, go to: cnbc.com/IQ100-index.
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