S&P Global Broad Market Index
The S&P Global Broad Market Index (S&P Global BMI) is a free-float weighted stock market index of global equities from Standard & Poor's. The index was launched on Dec 31, 1992 and (as of 2025) covers 48 countries and more than 14,800 different companies.[1]
The index currently covers 25 developed economies and 23 emerging economies according to S&P Dow Jones Indices' market classification.[2] Countries (and their stocks) in the index are added and removed when the market classification changes. For example, Russia was removed following the start of its invasion of Ukraine. Also, several countries have been added (as emerging markets) during the past ten years: Columbia, Kuwait, Pakistan (removed again in 2023), Qatar, Saudi Arabia, and United Arab Emirates.
History
The index is based on the "Salomon Brothers World Equity Index" started in 1989 by Salomon Brothers.[3] It originally had 22 countries, but already use the weighting by free-float only, as well as including small caps, starting from a float of at least $100 million.[4] S&P Dow Jones Indices acquired the index in 2004.
References
- ↑ "S&P Global BMI". S&P Global. Retrieved May 10, 2025.
- ↑ "Methodology Information - Market Classification". S&P Global. Retrieved May 10, 2025.
- ↑ Wellings, John; Orzano, Mike (July 2020). "The S&P Global BMI: Providing Consistent Insights into Global Equity Markets since 1989" (PDF). S&P Global. Retrieved May 10, 2025.
- ↑ Chen, James (January 21, 2022). "Salomon Brothers World Equity Index (SBWEI)". Investopedia.
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