S&P Global Equity Index Series
What it is:
The S&P Global Equity Index series is comprised of three indices: The S&P Frontier Broad Market Index, The S&P Global Broad Market Index and the S&P/IFCI.
How it works/Example:
The S&P Global Equity Index series is designed to include the most liquid and investable stocks in emerging, frontier and developed markets. All major regional, national, sector, style, and size-based equity markets are represented in their entireties.
The S&P Global Broad Market Index (BMI) and the S&P Frontier BMI are created on a country-by-country basis with all index-eligible countries represented, and they include all developed and emerging markets. The S&P/IFCI is a purely emerging market index.
Why it matters:
The three S&P Global Equity indices can be used as great benchmarks to compare stock performance between emerging and developed countries. Though there is no exact ETF available to mirror the performance of the S&P Global Equity Index series, an investor may consider investing in the ETF, iShares S&P Global 100 Index Fund (NYSE: IOO) to increase exposure to several different regional markets.
[InvestingAnswers Guide: Expose Yourself to Overseas Markets: Choosing Between ETFs and ADRs]