“One of the biggest winners in UM’s Florida 50 Index is CSX Corp., which yielded a first-quarter return of more than 30 percent, and because its capitalization is nearly 11 percent of the index, it positively influenced the performance of the index overall,” said Tie Su, an associate professor at the University of Miami School of Business Administration. “The Index is also heavily weighted by the financial, energy and consumer discretionary sectors, which have all significantly beat the broader market indices.”
The Florida 50 Index, which was established by the School of Business in 2016, is based on the capitalizations of all Florida-based large-, mid- and small-cap companies included in the S&P 1500 index having common stock listed on the NYSE or NASDAQ. It is the first custom S&P Dow Jones index to be owned by a university and the only index that focuses solely on public companies headquartered in an individual U.S. state.
The index is available under the ticker symbol UMIAMIFL through the S&P website at: www.umiamifl.com. The performance can be monitored in real time on Yahoo Finance. The full list of index components can be found here.
