[S&P has issued new regulations: Adjusting the rules for classifying growth stocks and value stocks. Growth stock evaluation standards no longer refer to the rising momentum of individual stocks in the past 12 months] On October 25, it was reported that S&P Dow Jones Indices in the United States has introduced new regulations to adjust the rules for classifying growth stocks and value stocks. The new regulations will include intangible assets, expected earnings, and free cash flow into the evaluation factors of value stocks; the evaluation criteria for growth stocks will no longer refer to the rising momentum of individual stocks in the past 12 months. The new rules will take effect before the U.S. stock market opens on December 21, local time. Funds that track indexes need to adjust their positions accordingly, and about $375 billion in passive funds will be affected. Researchers and fund managers believe value stocks' long-term underperformance is partly due to flaws in existing metrics. (CCTV Finance)