Introducing the WGA Bank Indices: A New Approach to Tracking Top US Banks
Whalen Global Advisors Introduces New Bank Index Products to Track Top Performing US Banks
BRIARCLIFF MANOR, N.Y., February 26, 2024 (Newswire.com) – Whalen Global Advisors has recently unveiled three new bank index products that focus on the top performing US banks. These indices track and feature the top 10, 25, and 50 publicly traded banks in Peer Group 1, as defined by the Federal Financial Institutions Examination Council (FFIEC).
Unlike traditional price-weighted indices that tend to favor larger stocks, the WGA Bank Indices utilize a pure constituent weighting system. This system ensures that the highest scoring banks have the most significant impact on the indices, regardless of their size. According to WGA Chairman Christopher Whalen, “By using individual bank scores for weighting the index components, we emphasize the importance of the top-performing banks, leading to impressive index performance.”
The constituents of the WGA Bank Indices are selected based on WGA’s proprietary measures of financial performance and market returns. Each bank essentially selects itself based on its market and financial performance, ensuring that only top performers are included in the indices.
Whalen Global Advisors will be offering these indices for license to institutional investors. These indices can be used as the foundation for custom-built financial instruments, to analyze specific market trends, or to gain insights into the banking industry’s performance.
About Whalen Global Advisors LLC:
Whalen Global Advisors LLC is a New York-based consulting, risk analytics, and publishing company that focuses on financial institutions and global markets. The company publishes The Institutional Risk Analyst, providing commentary on capital markets, industry reports, and company profiles.
For more information, please contact Whalen Global Advisors at info@theinstitutionalriskanalyst.com.
Source: Whalen Global Advisors
This news story highlights the innovative approach taken by Whalen Global Advisors in creating bank index products that prioritize the performance of top US banks. Investors and institutions can now access these indices to gain valuable insights into the banking industry’s performance and trends.