S&P Dow Jones Indices Adopts New Rules for Growth and Value Stocks

• S&P Dow Jones Indices has adopted new rules for categorizing equities into growth and value stocks.
• The new rules include factors such as intangible assets, forward earnings, and free cash flow to determine a company's valuation.
• This change will lead to a reshuffling of growth and value shares in the market.
• The announcement was made on a Friday, according to a statement.
• The new classification will consider 12-month price momentum among other factors.