Eduardo Olazabal
Associate Director, Global Exchange Indices, S&P Dow Jones Indices
Meet the New and More Diversified S&P/BMV IPC
S&P Dow Jones Indices launched a consultation in May 2023 proposing certain methodology changes to the S&P/BMV IPC with the overall goal of reducing single-stock concentration and simplifying rather complex eligibility and selection criteria. After receiving feedback from market participants, a revised version of the proposal was approved in September 2023 and a two-phased implementation…
- Categories Equities
- Tags diversification, equities, Mexican equities, Mexico, S&P/BMV IPC
- Categories
- Equities
Global Islamic Indices Gained over 10% in Q1 2023, Outperforming Conventional Benchmarks
Global equities ended the first quarter of the year with a gain of 6.9%, as measured by the S&P Global BMI. Meanwhile, Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, also increased during the quarter and outperformed their conventional counterparts by 3.5% and 3.4%, respectively. Overall, regional…
First Islamic Indices Based on S&P/ASX Series Launched
S&P DJI is launching its first S&P/ASX Shariah Indices, which aim to track the performance of Shariah-compliant stocks in the S&P/ASX 200 and the S&P/ASX 300. This launch comes in the context of increased interest in the Muslim community for Shariah investing in Australia. The Muslim community in Australia accounts for 3.2% of the population,…
Global Islamic Indices Declined Over 20% YTD, Underperforming Conventional Benchmarks in 2022
Global equities partially recovered from the losses accumulated throughout the year by increasing 9.9% during Q4, as measured by the S&P Global BMI, ending 2022 with a loss of 18.2%. Meanwhile, Shariah-compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, also increased during the quarter, but they underperformed…
- Categories Equities, Thematics
- Tags Dow Jones Islamic Market (DJIM) World Index, equities, GCC indices, global equities, islamic benchmarks, Islamic equities, Islamic indices, MENA, MENA Equities, Pan Arab, S&P Global BMI, S&P Global BMI Shariah, S&P Pan Arab Composite, Shariah, shariah index performance, thematics
Islamic Benchmarks Continued to Fall in Q3, in Line with Conventional Indices
Global equities dropped 6.6% in Q3 2022, as measured by the S&P Global BMI, accumulating a loss of 25.6% YTD. Meanwhile, Shariah compliant benchmarks, including the S&P Global BMI Shariah and Dow Jones Islamic Market (DJIM) World Index, managed to outperform their conventional counterparts by 0.6%. Overall, regional broad-based Shariah and conventional equity benchmarks accumulated…
- Categories Equities, Thematics
- Tags Dow Jones Islamic Market (DJIM) World Index, equities, GCC indices, global equities, islamic benchmarks, Islamic equities, Islamic indices, MENA, MENA Equities, Pan Arab, S&P Global BMI, S&P Global BMI Shariah, S&P Pan Arab Composite, Shariah, shariah index performance
Hedging Inflation with the S&P/BMV IPC
Inflation in Mexico has reached levels not seen in over 20 years, as the S&P/BMV IPC has receded from its all-time high reached earlier this year (see Exhibit 1). In this environment, market participants may question how inflation may affect index performance and the effectiveness of equity allocations as a hedge against it. First, let’s…
- Categories Equities
- Tags inflation, Mexican equities, Mexico, S&P/BMV IPC, S&P/BMV IRT
- Categories
- Equities
Increasing Diversification of the Australian Equity Market
Equity markets have changed considerably over the past 10 years, reflecting the growth of stocks and sectors in each market. While this growth has led to increased concentration in most of the world’s largest equity markets, Australia is a notable exception, as diversification has improved both in terms of stock concentration and along sector lines….