Bringing you live news and features since 2006 


Greece, Qatar and UAE reclassify to emerging status on 22 September, says S&P


S&P Global BMI indices will undergo its annual reconstitution on 22 September 2014.

This year’s major changes to the S&P Global BMI indices are the reclassification of Greece to Emerging status from Developed status, as well as the reclassification of Qatar and UAE from Frontier status to Emerging status.
Greece’s constituents will be removed from all S&P Developed BMI market indices and will become a part of the S&P Emerging BMI series. Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
After the reconstitution, Greece, Qatar and the UAE will represent approximately 0.8 per cent, 0.9 per cent and 1.0 per cent respectively of the S&P Emerging BMI.
Greece, Qatar and the UAE will represent approximately 0.09 per cent, 0.09 per cent and 0.10 per cent of the S&P Global BMI.
The largest countries in the S&P Emerging BMI will be China (24.0 per cent), Taiwan (14.1 per cent), Brazil (11.3 per cent) and India (10.0 per cent).
The S&P UAE BMI will include 30 components. The largest weight will be Emaar Properties, First Gulf Bank and National Bank of Abu Dhabi.
The S&P Qatar BMI will include 27 components. The largest weight will be Qatar National Bank, Masraf Al Rayan and Ooredoo.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by