What is the S&P Global 1200 Index?
How Does the S&P Global 1200 Index Work?
The seven indices are:
- S&P Europe 350
- S&P/TOPIX 150
- S&P/TSX 60
- S&P/ASX 50
- S&P/Asia 50
- S&P Latin America 40
- S&P 700
As with any index, the stocks included in the index must meet specific criteria for size, profitability, liquidity, and sector/market representation. If a company does not meet the criteria, it may be deleted from the index.
Why Does the S&P Global 1200 Index Matter?
The S&P Global 1200 Index can be used as a benchmark for the global equities portion of an investor's portfolio and to track the performance of a specific foreign stock, foreign mutual fund, or foreign ETF.
If an investor wishes to mirror the performance of this index, he/she may use a combination of the iShares S&P 500 Index (NYSE: IVV), S&P Europe 350 Index (NYSE: IEV), S&P/TOPIX 150 Index (NYSE: ITF) and S&P Latin America 40 Index (NYSE: ILF).
The Bloomberg ticker used to track the S&P Global 1200 Index is listed as SPGLOB.
[InvestingAnswers Guide: Expose Yourself to Overseas Markets: Choosing Between ETFs and ]