Index providers are a key pillar of the ETF industry. Indexes are important because their methodology dictates the selection and weighting an ETF may attempt to track. At first, index providers covered the markets with popular regions and sectors. But index providers have started to create specialized benchmarks for different types of investing.
ETF assets that have been wiped out amount to $1.3 billion.
The changes to the classification standard will have the biggest effects on five sectors.
The number of indexes tops 3 million worldwide.
New eurozone index targets companies that have strong gender diversity policies and practices.
Friday was a record day for trading on the Nasdaq Closing Cross.
Index providers need to come up with innovative ideas for emerging market index construction.
The joint S&P Dow Jones-MSCI sector system scaled back its changes for 2023.
MSCI and FTSE Russell will remove Russia securities from their indexes within the next week.
Renewable energy stocks may move to energy sector; PayPal and MasterCard could leave tech space.