UM’S FLORIDA 50 UPDATE
SCHOOL’S STOCK INDEX OUTPACES BROADER MARKET BY NEARLY DOUBLE
BY JEFF HEEBNER

The University of Miami’s Florida 50 Index (UMIAMIFL), a bellwether on the state’s economy established by the School of Business, was up 10.39% during the first quarter of 2017. It outperformed both the S&P 500 and S&P 1500 by nearly double: the S&P 500 saw a gain of 5.53% and the S&P 1500 rose 5.22%.

UMIAMIFL, which tracks all Florida firms in the S&P Composite 1500 Index, was established by the School in 2016 and weights stocks based on their market capitalizations. 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.

“One of the biggest winners in UM’s Florida 50 Index is CSX Corp., which yielded a first-quarter return of more than 30%, and because its capitalization is nearly 11% of the index, it positively influenced the performance of the index overall,” says Tie Su, an associate professor at the School of Business. “The index is also heavily weighted by the financial, energy and consumer discretionary sectors, which have all significantly beat the broader market indices.”

Florida’s Top 10 Performers During Q1 2017

• TopBuild Corp.: +32.02%
• The GEO Group Inc.: +31.0%
• CSX Corp.: +30.06%
• Jabil Circuit Inc.: +22.52%
• Tupperware Brands Corp.: +20.49%
• Royal Caribbean Cruises Ltd.: +20.17%
• Lennar Corp.: +19.33%
• Marriott Vacations Worldwide Corp.: +18.19%
• ACI Worldwide Inc.: +17.85%
• HCI Group Inc.: +16.34%

 

Spring 2017
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