S&P 1000 Pure Growth

Author:

Moneyzine Editor

1 mins

September 21st, 2023

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Definition

The term S&P 1000 Pure Growth refers to an index that includes a subset of the securities found in the S&P 400 and S&P 600 Indices. The S&P 1000 Pure Value is published and maintained by S&P Dow Jones Indices.

Explanation

The S&P 1000 is a composite index that includes small and mid-cap stocks in the United States' market. The S&P 1000 Pure Growth is a subset of the securities appearing in the S&P 1000, which includes the S&P 400 and S&P 600 indices.

The components of this index were selected based on their growth potential with respect to sales, earnings relative to price, and momentum. These three criteria determine the security's growth score, which is used when selecting securities for inclusion in the Growth Index. First launched on December 16, 2005, the index is made up of approximately 235 securities. The composite is designed to provide investors with a measure of the performance of small to mid-sized U.S. growth equities. The performance of the index can be tracked using the stock ticker SPUSTPG.

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